Bitcoin News Today: Galaxy Digital Moves $447M in Bitcoin to Exchanges Amid Market Activity

Galaxy Digital, a major player in the cryptocurrency financial services sector, has moved 3,782 Bitcoin (BTC), valued at approximately $447 million, according to on-chain data from blockchain analytics firm Lookonchain. The transaction occurred just days after another large BTC movement by the firm. The majority of the transferred Bitcoin was sent to cryptocurrency exchanges, prompting speculation about potential selling activity or strategic capital reallocation [1].

This move follows a high-profile transaction in which Galaxy Digital facilitated the sale of over 80,000 BTC—valued at more than $9 billion at current prices—on behalf of a long-term investor with a 14-year-old Bitcoin wallet. The firm described the sale as one of the largest notional Bitcoin transactions in the history of crypto and a significant exit from the digital asset market as part of the investor’s broader estate planning strategy [1].

While Galaxy Digital has not publicly commented on the purpose of the latest BTC transfer, analysts suggest that large institutional movements like this often reflect strategic adjustments in asset positioning. The timing of the transaction coincides with a period of increased activity and consolidation in the crypto market, as major players continue to manage their holdings amid evolving macroeconomic conditions and investor sentiment [1].

Mike Novogratz, CEO of Galaxy Digital, has previously expressed a bullish outlook on Ethereum (ETH), suggesting it could outperform Bitcoin in the coming months. He noted in a recent interview with CNBC Television that a return of ETH to $4,000 could trigger a new phase of price discovery for the asset, potentially leading to a stronger performance compared to Bitcoin [1].

At the time of the report, Bitcoin was trading at $117,498, with Ethereum priced at $3,769. Both assets showed minimal movement over the previous 24 hours. The continued activity from Galaxy Digital and similar institutional players highlights the evolving role of large-scale transactions in shaping short-term market dynamics, particularly through their impact on liquidity and investor behavior [1].

Source: [1] Galaxy Digital Abruptly Moves $447,000,000 Worth of Bitcoin (BTC), Sends Most to Crypto Exchanges: On-Chain Data (https://dailyhodl.com/2025/07/30/galaxy-digital-abruptly-moves-447000000-worth-of-bitcoin-btc-sends-most-to-crypto-exchanges-on-chain-data/)