In a groundbreaking move, Anchorage Digital has acquired 10,141 BTC worth $1.19 billion, positioning itself ahead of its upcoming stablecoin launch. This strategic Bitcoin news highlights the growing institutional confidence in crypto as a reserve asset.
Anchorage Digital’s Massive Bitcoin Acquisition
Anchorage Digital executed this $1.19 billion BTC purchase through a sophisticated nine-hour operation involving multiple wallets and counterparties. Key details:
- Over 1,100 BTC acquired per hour via OTC trades
- Minimal market impact with just 0.25% price dip
- Demonstrates institutional-grade execution capabilities
Stablecoin Launch and the GENIUS Act Framework
The BTC acquisition aligns with Anchorage Digital’s partnership with Ethena Labs to launch USDtb stablecoin under the GENIUS Act. This positions the firm as a leader in compliant digital dollar projects.
Institutional Confidence in Bitcoin
Anchorage Digital’s move reflects broader institutional trends:
| Institution | Recent BTC Activity |
|---|---|
| Anchorage Digital | 10,141 BTC ($1.19B) |
| Strategy | Similar large-scale positions |
The Future of Crypto Infrastructure
As a federally chartered crypto bank, Anchorage Digital is shaping the digital asset ecosystem. Its ability to execute large transactions without market disruption showcases the maturation of institutional crypto services.
FAQs
Why did Anchorage Digital acquire so much Bitcoin?
The acquisition supports their upcoming USDtb stablecoin launch and demonstrates institutional confidence in Bitcoin as a reserve asset.
How did they buy $1.19B in BTC without moving markets?
Through OTC trades spread across multiple counterparties over nine hours, averaging 1,100 BTC per hour.
What is the GENIUS Act?
A regulatory framework for stablecoins that Anchorage Digital is using for its USDtb stablecoin project.
How does this affect Bitcoin’s price?
The purchase caused only a 0.25% dip, showing institutional buying can now occur with minimal market disruption.
