Galaxy Digital seems to be bullish on Bitcoin and Ethereum, as revealed by the latest data. The blockchain company recently invested heavily in Bitcoin and Ethereum positions amidst the ongoing increase in price.
While quoting data from DeFi portfolio tracker DeBank, Lookonchain showed that Galaxy Digital deposited 4,168 WBTC (worth $142 million) and 16,000 ETH (worth $28.6 million) into Aave and Compound.
Seems that Galaxy Digital is long $BTC and $ETH on #Aave and #Compound.
Galaxy Digital deposited a total of 4,168 $WBTC($142M) and 16K $ETH ($28.6M) into #Aave and #Compound, then borrowed out 71.6M $USDT and 21.9M $USDC.https://t.co/2QTPSV1QRn pic.twitter.com/hAFCqDl1tQ
— Lookonchain (@lookonchain) October 28, 2023