Anchorage Digital, a U.S. federally chartered digital asset bank, has acquired 10,141 bitcoin – worth around $1.19 billion – in just 9 hours. This is a big deal, showing institutions are getting serious about Bitcoin.
The transactions were first spotted by blockchain intelligence firm Arkham, and although Anchorage hasn’t officially confirmed buying it, all signs point to this being a hefty purchase by the digital asset bank.
The bitcoin was moved into an address labeled “Anchorage Digital” from multiple sources, so the bank likely used over-the-counter (OTC) trading to avoid big price swings.
This is a common practice for big institutions when buying or selling large amounts of bitcoin. Institutions usually don’t use public exchanges for big buys to avoid price movements and to get a better deal.
The bitcoin is now likely in cold wallets with multi-signature protection, offline – standard practice for regulated custodians like Anchorage.
This is a big moment for mainstream Bitcoin adoption. Experts think it means large financial players are starting to believe Bitcoin is here to stay. This acquisition makes the scarce digital asset more credible as an investment option for big financial institutions.
Anchorage Digital is the first federally chartered digital asset bank in the U.S. and provides bitcoin custody, trading, and staking services to institutional clients. As a regulated entity, its moves are big. So this isn’t just about investment – it’s about strategy, security, and confidence.
Interestingly, this big bitcoin buy came after Anchorage announced a push into the stablecoin market. The company partnered with Ethena Labs as recently as last week to bring USDtb – a stablecoin currently issued offshore – into the U.S. under the new GENIUS Act, a federal law regulating stablecoins.
This dual move into both bitcoin and regulated stablecoins shows that Anchorage is trying to be the frontrunner in shaping the future of institutional adoption for digital assets.
Many see this as a bullish sign for bitcoin, especially since the market is still volatile. Just before the acquisition, bitcoin hit a new high of $123,091 on July 14. It then cooled off to around $118,000, which might have been a good entry point for Anchorage.
While the acquisition is impressive, it’s not without risks. Regulatory uncertainty, cybersecurity threats and bitcoin’s price volatility are challenges for institutions handling large bitcoin portfolios.
But Anchorage is well equipped to handle these. As a licensed bank, it is already following federal compliance rules and is considered a trusted custodian by companies like MARA, KindlyMD and Nasdaq-listed companies like Reitar.
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