Galaxy Digital Buys $82 Million in Bitcoin Amid Market Dip

Quick Summary:

Galaxy Digital has again increased its Bitcoin holdings, purchasing 380 BTC today and an additional 600 BTC on August 20.

The continued inflows into Bitcoin ETFs emphasize investors’ confidence and focus on long-term potential.

Moreover, in July only, data shows the exchange transferred 95,523 Bitcoins, valued at approximately $6.14 billion, to various cryptocurrency exchanges, including BitGo, Kraken, and Bitstamp, as part of its repayment efforts.

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Article Details

Author / Journalist: Ronny Mugendi

Category: Crypto

Markets: India

Topics: 24/7 Cryptocurrency News Galaxy digital Bitcoin News Bitcoin (BTC) Price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-21 @ 09:29:06 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 566 words

Reading Time: 4 minutes read

Sentences: 46 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22193157

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 22 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

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