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Crypto

Whale Transfers 546.8 BTC to Galaxy Digital in OTC Trade

Guavy AI Editorial Team
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BTC
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An anonymous Bitcoin whale has made a significant move, transferring 546.8 BTC to Galaxy Digital in an over-the-counter (OTC) trade.

The transfer, valued at approximately $34.7 million at current market prices, took place on February 12, 2025.

The destination address is associated with Galaxy Digital's trading desk, which provides a range of services including OTC trading, asset management, and investment banking.

Galaxy Digital has seen significant growth in its OTC operations in recent months, capitalizing on growing institutional interest in cryptocurrencies.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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