Galaxy Digital Shifts 900 BTC ($81.59M) in Major Wallet Move

A crypto whale just made waves.

Galaxy Digital, the institutional heavyweight founded by Mike Novogratz, executed a significant on-chain transfer. The firm moved a cool 900 Bitcoin—valued at over $81.5 million—to a fresh, unidentified wallet address.

What's Behind the Move?

Large transfers like this rarely happen in a vacuum. For a firm of Galaxy's stature, it could signal internal treasury management, preparation for a new investment vehicle, or simply securing assets in cold storage. The market watches these flows closely; every transaction tells a story about institutional confidence and strategy.

The Bigger Picture

While $81 million might be a rounding error in traditional finance—barely enough for a decent yacht or a minor corporate fine—in crypto, it's a headline. It underscores how major players are actively managing Bitcoin not as a speculative toy, but as a core digital asset on their balance sheets. They're playing the long game, moving pieces while Wall Street still debates the rules.

One thing's clear: the old money playbook of quiet accumulation is being rewritten, one blockchain transaction at a time.

Galaxy digital’s broader market moves

Aside from Bitcoin, Galaxy has been aggressive in expanding into altcoins, especially solana (SOL). Arkham Intelligence has reported that Galaxy has been leveraging major exchanges like Binance, Coinbase, and Bybit to purchase roughly $300 million worth of SOL across 15 different transactions. 

According to Lookonchain, Galaxy amassed nearly 6.5 million SOL within five days, transferring considerable amounts to Fireblocks custody wallets, indicative of long-term holding intentions.

Additionally, Galaxy is experimenting with prediction markets. Novogratz revealed the firm has engaged in “small-scale experimenting with market-making on prediction markets.” Talks with Polymarket and Kalshi Inc. suggest Galaxy may provide liquidity on these platforms, typically handled by specialized trading shops. If successful, this move positions Galaxy among the first major crypto infrastructure firms to enter this emerging DeFi space.

Institutional trends and market impact

This has been an institutional activity that skyrocketed across crypto markets. According to Lookonchain, institutions have bought 11,260 BTC between December 1–7. Stablecoins, DEX volumes, and protocol revenues went up, while whales re-awakened sleeping BTC wallets to accumulate ETH.

Strategy also bought 10,624 BTC for $962.7 million on December 8, advancing its total to 660,624 BTC. As such, Galaxy’s 900 BTC MOVE falls in line with the greater trends of institutional accumulation and active market positioning.

Galaxy Digital’s bitcoin move shows how actively it manages its crypto holdings and explores new markets. This transfer signals that big players are still confident in digital assets. 

Also Read: Paradigm Invests $13.5M in Brazilian Stablecoin Project Crown