Galaxy Digital has added another $59 million worth of BTC to its #Bitcoin holdings, buying 380 $BTC today and an additional 600 BTC on August 20. Arkham Intelligence reported that the 12QVsf wallet address connected to Galaxy Digital added approximately $59 million worth of BTC from these two transactions initiated via the Binance cryptocurrency exchange.

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According to Arkham Intelligence, Mike Novogratz’s Galaxy Digital recently increased its BTC holdings, signaling a strong sense of confidence in the future direction of BTC prices. The company added 600 BTC to its holdings on August 20, and then bought 380 BTC earlier today.

These purchases come at a time when BTC prices are showing some volatility but Galaxy Digital’s investment frenzy is showing an upward trend.

This purchasing pattern suggests a strategic positioning to take advantage of potential price increases in the future. After the large purchases, the asset management company’s wallet now holds over 4,000 BTC.

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