The large-scale accumulation, confirmed by Arkham Intelligence, was executed across multiple wallets and counterparties to avoid spooking the market.
Despite the massive purchase, Bitcoin’s price barely flinched, sliding just 0.25% over the week and holding around $118,600. Each hour saw an average of over 1,100 BTC added to Anchorage’s holdings, with over-the-counter trades and strategic timing minimizing price disruption.
This move reflects Anchorage’s growing role as a regulated vault for institutional crypto exposure. Similar to recent large-scale buys from firms like Strategy, Anchorage’s accumulation underscores Bitcoin’s increasing acceptance as a reserve asset.
The timing is no coincidence. Anchorage recently partnered with Ethena Labs to bring the USDtb stablecoin into the U.S. market under the GENIUS Act framework. The quiet BTC haul may serve as a precursor to deeper involvement in stablecoin issuance, possibly positioning Anchorage at the forefront of federally compliant digital dollar initiatives.
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