Galaxy Digital Don Comot 80,000 BTC, Don Return To Profit, Don Gain Wall Street Trust
Galaxy Digital wey Mike Novogratz dey lead help one strong whale wey don long time dey get Bitcoin sell 80,000 BTC (na about $9 billion) through im OTC desk. Dem still help big big ETH buy for institution clients. Di company Q2 report show say dem make net income of $30.7 million, after dem loss $125.6 million for last year. Di asset wey dem manage come grow to $9.09 billion plus $1.2 billion na cash and stablecoins. Di staking volume rise by 27% reach $9 billion through partnerships like Fireblocks. Di Bitcoin wey dem hold increase by 4,272 reach 17,102 BTC, but di ETH position reduce to 90,500. Di Galaxy Nasdaq listing for GLXY don see share price jump 48% since beginning of di year, dis show market get better confidence. Dis kind result show Galaxy Digital get deep liquidity, strong OTC ability and e get big role to connect traditional finance with on-chain markets, dis na why dem be Wall Street most crypto-savvy company.
Bullish
Galaxy Digital don successfully carry out $9 billion whale sale and dem don return to profitability, this one dey show say institutional liquidity strong plus market still fit stand strong. Dem get strong OTC capabilities and wetin dem show for Q2 financials dey give crypto market confidence. The way dem manage to off-load 80,000 BTC without waka price scatter, e resemble those times wey big sales wey dem no manage well cause market wahala. With AUM dey rise, staking dey grow, and Nasdaq performance steady, traders go likely see am as gbedu for Bitcoin and bigger crypto adoption, wey go support short-term price stability and long-term institutional money wey go enter market.