Bitcoin News Today: Galaxy Digital Transfers 30,000 BTC ($3.5 Billion) to Exchanges, Part of Dormant 2011 Whale Cache

Galaxy Digital has transferred approximately 30,000 BTC, valued at around $3.5 billion, to cryptocurrency exchanges, marking a significant portion of a larger 80,201 BTC cache linked to a dormant 2011-era whale wallet. The movement, tracked by blockchain analytics firm Arkham, includes a major 22,610 BTC chunk deposited early Friday to platforms like Binance and OKX. Despite the transfers, Galaxy still holds 18,504 BTC, worth $2.14 billion, from the same whale stash. The firm’s CEO, Mike Novogratz, previously projected bitcoin could reach $150,000 this year but emphasized ether’s potential short-term outperformance due to growing institutional ETH treasury purchases [1].

The Smarter Web Company added 225 BTC ($26.4 million) to its treasury, elevating its holdings to 1,825 BTC, valued at an average price of $109,088. This places the UK-based firm 26th globally among public bitcoin holders, according to Bitcointreasuries.net. Meanwhile, Windtree Therapeutics secured up to $520 million in equity financing to build one of the largest BNB treasuries among public companies. The package includes a $500 million line of credit from an institutional investor and a $20 million placement led by Build and Build Corp, with 90% of proceeds earmarked for BNB purchases pending shareholder approval. Windtree also signed a term sheet with Kraken for custody and trading support, aligning with broader trends of firms diversifying treasury assets into altcoins [1].

Ethereum-focused treasury firm SharpLink Gaming appointed Joseph Chalom, a former BlackRock managing director, as co-CEO. Chalom, who oversaw BlackRock’s digital asset partnerships and crypto ETF launches like IBIT and ETHA, brings institutional credibility to SharpLink’s mission. The firm currently holds $1.3 billion in ETH but recently lost its position as the largest Ethereum treasury holder to BitMine. BlackRock’s Ethereum ETF, which crossed $10 billion in assets under management this week, further underscores institutional confidence in the asset class [1].

In a separate development, crypto trading platform operator OSL Group raised $300 million in equity financing to expand its global operations and develop payment infrastructure. The funding will support strategic acquisitions and the integration of fiat, stablecoin, and crypto payment solutions. OSL’s CFO described the raise as a “major milestone,” with plans to leverage the capital ahead of Hong Kong’s new stablecoin licensing regime, effective August 1. The firm has already expanded into Japan and Indonesia through acquisitions of CoinBest and Evergreen Crest, signaling continued international growth [1].

The recent activity highlights accelerating institutional adoption of cryptocurrencies, with firms deploying capital into both bitcoin and altcoin treasuries. Galaxy’s whale-linked BTC movements suggest potential liquidity needs or market positioning, while Windtree and OSL’s funding rounds reflect growing infrastructure investments. SharpLink’s leadership change and The Smarter Web Company’s treasury additions further illustrate the maturation of crypto’s institutional landscape. As public companies increasingly allocate capital to digital assets, regulatory developments—such as Hong Kong’s stablecoin rules—will shape the trajectory of global expansion efforts.

Source: [1] [title]The Daily: Galaxy moves $3.5 billion in bitcoin, ex-BlackRock exec joins Ethereum treasury firm, OSL raises $300 million, and more[/title] [url]https://www.theblock.co/post/364327/the-daily-galaxy-moves-3-5-billion-in-bitcoin-ex-blackrock-exec-joins-ethereum-treasury-firm-osl-raises-300-million-and-more[/url]