Crypto Firm Galaxy Digital performs an Activa swap with the native tokens of Layer-1 Blockchains Ethereum (ETH) and Solana (SOLA), according to data on the chain.
Data from Blockchain -Tracking platform Lookonchain suggest That Galaxy Digital has sold tens of millions of dollars worth a value of Solana in the past two weeks.
“In the past two weeks, Galaxy Digital 65,600 ETH ($ 105.48 million) deposited Binance and withdrew 752,240 Sol ($ 98.37 million) from Binance.”
The reorganization of Galaxy Digital’s Portfolio comes in the midst of the company’s research, Alex Thorn, and predicts that the US will buy Bitcoin (BTC) this year to add to the Strategic Bitcoin Reserve (SBR) launched in March. According to Thorn, one of the options that the US could practice to buy the flagship Crypto Asset in a budget -neutral way to seize Altcoins in Bitcoin.
“To be specific, you could sell an Altcoin in an Altcoin/BTC pair and never touch cash. No cash ever needs in the [US] General treasury. Can be an easier way to keep a ‘promises, promises’ on the SBR. “
Ethereum is traded at $ 1,630 at the time of writing, with 67% compared to the all time in November 2021. Solana changes owner at $ 140 at the time of writing, with 52% of the record high in January.
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