Crypto Titans Make Moves: $3.5B Bitcoin Shuffle, BlackRock Vet Joins ETH Firm, and $300M Raise

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The cryptocurrency market witnessed seismic activity Friday as institutional players executed billion-dollar maneuvers. Galaxy Digital transferred 30,000 Bitcoin (BTC) worth $3.5 billion from a dormant 2011 wallet, marking one of the largest movements of Satoshi-era coins. Meanwhile, former BlackRock digital assets chief Joseph Chalom joined Ethereum treasury firm SharpLink Gaming as co-CEO, and Hong Kong’s OSL Group secured $300 million for global expansion all against a backdrop of renewed institutional inflows into spot Bitcoin exchange-traded funds (ETFs).

The Galaxy transaction, involving an original 80,201 BTC trove, demonstrates how crypto-native firms now manage whale-sized positions with market stability. While 18,504 BTC ($2.14 billion) remains held in custody, the strategic dispersal through over-the-counter (OTC) desks prevented major price disruption, a testament to Bitcoin’s maturing liquidity infrastructure. This activity coincided with spot BTC ETFs snapping a three-day outflow streak with $226 million inflows, suggesting institutional buyers capitalized on the brief 2% price dip. The market absorbed these moves with remarkable resilience, proving its deepening sophistication.

Parallel developments reveal crypto’s expanding corporate adoption. SharpLink Gaming’s recruitment of Chalom architect of BlackRock’s $25 billion ETF empire signals Ethereum’s rise as a treasury asset, following the firm’s recent 80,000 ETH acquisition. Meanwhile, The Smarter Web Company added $26 million in BTC to its reserves, and Windtree secured a $500 million equity line for Binance Coin (BNB) treasury development. Hong Kong’s OSL Group’s $300 million funding round underscores Asia’s growing dominance in digital asset infrastructure, contrasting with the U.S.’s regulatory uncertainty.

These coordinated movements paint a clear picture: cryptocurrency is transitioning from speculative asset to institutional cornerstone. Galaxy’s billion-dollar BTC management, SharpLink’s ETH treasury playbook, and OSL’s war chest expansion reveal an industry building durable financial infrastructure. As traditional finance veterans migrate to blockchain firms and global capital flows into crypto treasuries, the market’s foundation grows stronger. The message to skeptics is that unmistakable digital assets aren’t just surviving; they’re being institutionalized at a staggering pace. When Wall Street’s best minds and deepest pockets commit to this future, the smart money follows.