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Galaxy Digital has transferred 900 Bitcoin (BTC) — valued at $81.6 million — to a newly created wallet, marking another significant move in the firm’s increasingly active digital asset strategy. Blockchain data from Lookonchain confirmed the transfer, underscoring Galaxy’s continued influence across the crypto market under CEO Mike Novogratz.
Active Management of Institutional Bitcoin Holdings
The latest transfer highlights Galaxy Digital’s approach to managing large, institutionally oriented portfolios with transparency and precision. The firm, which caters primarily to high-net-worth clients and institutions, has been involved in several high-impact transactions this year.
Earlier, Galaxy facilitated the sale of 80,000 BTC on behalf of a Satoshi-era investor, describing the transaction as part of the client’s long-term estate planning strategy. While the investor’s identity remains undisclosed, the scale of the sale showcased Galaxy’s ability to execute complex, high-volume trades without disrupting market structure.
The latest 900 BTC movement appears consistent with that playbook: strategic reallocation rather than directional speculation. Lookonchain noted that the funds were moved to a fresh wallet only hours before the announcement, a pattern often associated with internal restructuring or custodial optimization.
Aggressive Expansion Into Solana and Altcoins
Beyond Bitcoin, Galaxy Digital continues to widen its exposure to altcoins, most notably Solana (SOL). On-chain intelligence from Arkham shows Galaxy has conducted an estimated $300 million in SOL purchases across 15 transactions on major exchanges including Binance, Coinbase, and Bybit.
Over a five-day accumulation streak, Galaxy collected 6.5 million SOL, later shifting substantial amounts into Fireblocks custody wallets — a signal the firm may be preparing for long-term holding rather than short-term positioning.
Galaxy’s deepening involvement aligns with a broader institutional tilt toward Solana, driven by its expanding ecosystem, rising developer activity, and increasing use in DeFi and payment applications.
Venturing Into Prediction Markets
In a move that could reshape liquidity in the emerging prediction market sector, Novogratz recently revealed that Galaxy has been experimenting with market-making on platforms like Polymarket and Kalshi. While the firm described the activity as small-scale, early engagement from a major institution could accelerate adoption and infrastructure development.
Prediction markets — long dominated by niche trading firms — are gaining renewed attention as tokenized event contracts move closer to regulatory clarity. Galaxy’s involvement would mark one of the first major crypto infrastructure players to meaningfully test the sector.
Institutional Momentum Builds Across Crypto
Galaxy’s activity comes amid a broader institutional accumulation trend. Lookonchain data shows firms purchased 11,260 BTC between December 1–7, while on December 8 alone, institutions added 10,624 BTC worth $962.7 million, lifting collective holdings to over 660,000 BTC.
Stablecoin supply, DEX volumes, and protocol revenues have also risen, while long-dormant “whale” wallets have begun shifting assets — a signal of repositioning across the market’s largest players.
A Signal of Strength From a Major Market Actor
Galaxy Digital’s 900 BTC transfer is not an isolated action but part of a wider institutional resurgence. From altcoin accumulation to structural moves into prediction markets, the firm continues to broaden its influence while positioning itself for the next phase of digital asset adoption.
The latest transaction reinforces one clear message: big players remain confident and actively engaged in shaping the crypto market’s direction.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
