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Galaxy Digital Transfers 1506 BTC to New Address, Valued at $163.58 Million.
ByAinvest
Saturday, Aug 30, 2025 5:17 am ET1min read
A new Bitcoin address received 1506 BTC worth $163.58 million from Galaxy Digital on August 30th, according to Onchain Lens monitoring. This significant transaction highlights the growing interest in cryptocurrencies and the increasing value of Bitcoin.
A significant transaction occurred on August 30th, 2025, when a new Bitcoin address received 1506 BTC worth $163.58 million from Galaxy Digital, as monitored by Onchain Lens. This substantial investment highlights the growing interest in cryptocurrencies and underscores the increasing value of Bitcoin.This transaction comes amidst a broader trend of institutional investment in Bitcoin. In recent months, several high-profile figures and entities have expressed bullish sentiments about Bitcoin's future. For instance, Eric Trump, the son of former President Donald Trump, predicted that Bitcoin could reach $1 million within the next few years, citing strong institutional demand and limited supply [1].
The transaction from Galaxy Digital also aligns with the broader market's recent surge. Bitcoin reached a new record of $124,000 on August 14, 2025, and Ethereum (ETH) also hit an all-time high (ATH) just below the $5,000 mark last weekend [1]. Despite a recent dip toward $108,000, the cryptocurrency's price remains robust, driven by strong institutional interest.
Galaxy Digital's investment in Bitcoin is part of a larger trend of increasing institutional participation in the cryptocurrency market. This trend is also evident in the broader crypto ecosystem, with several firms exploring Solana as a treasury asset. For example, Galaxy Digital, Multicoin Capital, and Jump Crypto are collaborating to raise $1 billion for a Solana (SOL) treasury, which would set a new benchmark for Solana holdings [2].
The growing interest in cryptocurrencies, including Bitcoin and Solana, reflects a broader shift in the financial landscape. As institutions and major players like Galaxy Digital invest in these assets, it indicates a growing acceptance and confidence in the potential of digital currencies.
References:
[1] https://bitcoinist.com/bitcoin-to-hit-1-million-eric-trump-shares/
[2] https://techfundingnews.com/galaxy-digital-multicoin-jump-crypto-1b-solana-treasury/
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