May 22, 2025 – HighwayCrypto News Desk — Galaxy Digital, the crypto-focused financial services firm led by Mike Novogratz, has moved 100 Bitcoin—worth roughly $11.08 million—into a centralized exchange (CEX), according to on-chain data flagged by BlockBeats.
Galaxy Digital recently deposited 100 Bitcoin, valued at approximately $11.08 million, into a centralized exchange.
The transaction, first detected two hours ago by on-chain analyst The Data Nerd, has sparked speculation within the crypto community. While the intent behind the transfer remains unclear, such sizable deposits to exchanges are often interpreted as precursors to potential selling activity.
At the time of the transfer, Bitcoin was trading around $110,800, continuing a week of sideways movement following broader market uncertainty and regulatory chatter out of the United States.
Galaxy Digital has not publicly commented on the move. Analysts are watching closely for further transactions or disclosures that could indicate strategic positioning ahead of any market events or earnings updates.
This is a developing story.
