Summary
- Galaxy Digital reportedly withdrew CBBTC worth $43.79 million from Coinbase.
- It was announced that the company's main wallet currently holds 2,143 CBBTC (about $234.63 million).
- Galaxy Digital is depositing various Bitcoin-based tokens into decentralized lending protocols, amounting to a total of 1,325 BTC ($145.06 million).
Cryptocurrency investment firm Galaxy Digital has reportedly withdrawn Coinbase Bitcoin Token (CBBTC) worth $43.79 million from Coinbase.
On the 3rd (local time), on-chain data platform The Data Nerd reported, "About 7 hours ago, Galaxy Digital withdrew a total of 400 CBBTC (approximately $43.79 million) from Coinbase. Currently, its main wallet holds a total of 2,143 CBBTC (about $234.63 million)."
They added, "Galaxy Digital is depositing Bitcoin into decentralized lending protocols such as Aave, Spark, and Morpho. Galaxy Digital holds 805 CBBTC, 420 Binance Bitcoin (BTCB), and 100 Frax Finance Bitcoin (FBTC), totaling 1,325 BTC (worth $145.06 million)."
Heecheol Yang
heecheol@bloomingbit.ioHello, I'm a reporter at bloomingbit
