Anchorage Digital receives $405M in Bitcoin from major institutions in sign of renewed accumulation
Key Takeaways
- Anchorage Digital received $405 million in Bitcoin from major institutional clients.
- The institutions involved include Coinbase, Cumberland, Galaxy Digital, and Wintermute.
Anchorage Digital, a ÚS-regulated crypto custodian, received about $405 million in Bitcoin today across transfers from major institutional players.
The inflows suggest institutions are moving BTC off trading venues and into long-term, regulated custody, a pattern typically associated with strategic accumulation or treasury rebalancing.
Anchorage Digital has been expanding its institutional footprint and is currently one of the custodians supporting BlackRock’s Bitcoin ETF, alongside other approved service providers.
The transfers involved several key players in institutional crypto services. Cumberland operates as a digital asset trading firm, while Galaxy Digital focuses on digital asset management. Wintermute serves as a crypto market maker, facilitating Bitcoin transactions during market fluctuations.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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