Anchorage Digital Secures $405 Million in Bitcoin from Institutions
- Anchorage Digital, a US-regulated crypto custodian, received approximately $405 million in Bitcoin.
- Major institutional clients involved include Coinbase, Cumberland, Galaxy Digital, and Wintermute.
- The transfers indicate a shift of BTC from trading venues to long-term custody, suggesting strategic accumulation or treasury rebalancing.
- Anchorage Digital supports BlackRock’s Bitcoin ETF, expanding its institutional presence.
- Cumberland is a digital asset trading firm; Galaxy Digital focuses on asset management; Wintermute operates as a crypto market maker.
Anchorage Digital’s recent acquisition of $405 million in Bitcoin from key institutions like Coinbase and Galaxy Digital highlights a trend towards long-term custody solutions. This move aligns with strategic accumulation practices among major players.
Source (3.2)https://cryptobriefing.com/anchorage-digital-405m-bitcoin-institutional-inflow/?rand=59535
