Lombard Finance transferred 750 BTC (~$47.8M) to Galaxy Digital in an apparent OTC transaction.
Macro & Markets ·
A wallet tied to Lombard Finance moved 750 BTC valued at approximately $47.8 million to Galaxy Digital, in what appears to be an over-the-counter transaction. The transfer was tracked via on-chain analysis.
OTC trades of this scale typically involve institutional players negotiating off-exchange deals to avoid moving large sums through public order books. The movement of bitcoin between entities of this type is routine in crypto markets where direct peer transfers serve settlement and custody needs.
The nature and terms of the transaction—whether it represents a loan, collateral transfer, or asset sale—remain undisclosed. Neither Lombard Finance nor Galaxy Digital has publicly commented on the flow.