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A Whopping 41 Billion Yen Worth of Ethereum Transacted Through Galaxy Digital

2025/06/04 18:20 (Updated 2025/06/05 06:01)
CoinPost
Written by L.Kikutani
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A Whopping 41 Billion Yen Worth of Ethereum Transacted Through Galaxy Digital

Large-Scale OTC Transactions

On June 4th, a significant Ethereum (ETH) transaction was confirmed to have been executed through the OTC (over-the-counter) wallet of Galaxy Digital, a cryptocurrency financial firm catering to institutional investors. Approximately 13 hours prior, 108,278 ETH were transferred to the investor's wallet. According to analysis by Lookonchain, this institutional or major investor currently holds 139,476 ETH, valued at approximately 53 billion yen. Galaxy Digital is known as a leading investment firm in the cryptocurrency sector, providing OTC trading services to institutional investors. This transaction was made by a single buyer...

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Iolite Vol.14

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MAGAZINE

Iolite Vol.14

July 2025 issueReleased on 2025/05/30
Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.