Galaxy Digital appears to have sold a portion of its BTC holdings and transferred the proceeds to Coinbase.

July 15th, according to Arkham data, shortly after Galaxy Digital partially moved Ancient Whale $BTC to a CEX, a cumulative 80 million $USDT was transferred out from the corresponding CEX to Galaxy Digital. Subsequently, Galaxy Digital transferred this 80 million $USDT to Coinbase via an intermediate address.

In earlier news, the Bitcoin Ancient Whale address today cumulatively transferred 18,343 $BTC to Galaxy Digital, with 2,000 $BTC flowing into Bybit and Binance.