Galaxy Digital announced the 600th anniversary of its launch on August 20, 2024. BTC added a new one to the purchase and purchased 380 more BTC today, August 21, increasing its assets. Arkham Intelligence stated that the wallet address with the extension 12QVsf, which is stated to be associated with Galaxy Digital, purchased Bitcoin worth approximately $ 59 million in two different transactions connected to Binance.
Galaxy Digital and BTC Purchase
Data provided by Arkham Intelligence, Mike Novogratz The company, which is the head of Galaxy Digital, has added a new one to its recent BTC purchases, while once again demonstrating its strong confidence in the future course of Bitcoin prices. The company made a purchase of 600 BTC on August 20, and this was followed by another purchase of 380 BTC earlier today as a continuation of the process. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
The transaction was carried out on Monday Galaxy Digital This happened in the continuation of the process that marked the purchase of 400 BTC due to a $ 23 million investment made by Galaxy Digital. These steps taken by Galaxy Digital can also be interpreted as an effort by the company led by Novogratz, who purchased 1380 BTC worth $ 82.8 million in just 3 days, to position itself for the future of the market.
The purchases seem to be drawing the attention of market followers amid recent fluctuations in Bitcoin prices. However, Galaxy Digital’s ongoing purchases may indicate a possible future rise. After the purchases, it is understood that the number of BTCs owned by Galaxy Digital has now exceeded 4000 BTC when looking at wallets.
How Many Dollars is Bitcoin?
Despite the recent purchases made by Galaxy Digital, it seems that the Bitcoin price has not been able to maintain its stability above the $ 60,000 level recently. The fact that the BTC price has continued to trade between $ 50,000 and $ 60,000 since the first days of August continues to worry investors, and $ 60 seemed to have turned into resistance rather than support.
On the other hand, market analysts continued to show their optimistic attitude towards Bitcoin by drawing attention to macroeconomic factors. For example, K33 Research provided by latest datawhile revealing that a short squeeze may occur in the near future due to negative sustained funding rates, it also states that a remarkable price rally may be experienced in Bitcoin prices.
If we look at the price of Bitcoin, it is seen that its value has fallen to $ 59,332 again after a 2.51% decrease in the last 24 hours. While there was no price change in the last hour, the graph reflects that the value change was 2.74% in the last 7 days.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
