An address linked to Anchorage Digital has received 10,141 Bitcoin, worth over $1.19 billion, in the past day, according to on-chain data.
Blockchain analytics platform Arkham shows that the transfer took place over nine hours and originated from several sending wallets. It’s not yet clear if Anchorage bought the BTC or is holding it for its clients.
Anchorage Digital, launched in 2017, is the first crypto bank in the U.S. with a federal charter. It helps institutions store, trade, and manage digital assets safely.
The large transfer shows Anchorage’s role in handling big crypto transactions. As more companies look for secure ways to manage Bitcoin, some of the biggest corporate holders are choosing Anchorage.
Anchorage has been selected by multiple firms to safeguard Bitcoin holdings under corporate treasury strategies. In June, the company was named the exclusive custodian for KindlyMD following its merger with Nakamoto Holdings. The two firms had raised $763 million to buy Bitcoin.
Other companies have added Anchorage as part of broader custody plans. MARA, the largest public Bitcoin miner by holdings, added Anchorage Digital as a third custodian last year. Nasdaq-listed Reitar, a property logistics firm, also chose Anchorage as a backup custodian, working alongside Coinbase Prime.
Bitcoin Corporate Movements Accelerates
More companies are now looking for safer ways to manage their Bitcoin, as holding crypto in treasury is becoming more common.
In a separate development, 3,500 BTC, worth around $414 million, was moved from a Gemini hot wallet to a newly created address labelled “Volcon Gemini Custody”. The funds were withdrawn over four days, according to Arkham data shared by Lookonchain.
The Anchorage transfer happened as more companies are turning to crypto. Some are adding Bitcoin and Ether to their balance sheets and making it part of their long-term plans.
More than 200 companies are now holding crypto as part of their reserves, with most of it in Bitcoin. These holdings have crossed $91 billion, led by Strategy, which owns over 628,000 BTC.
Meanwhile, Anchorage’s expanding client list and rising inflows suggest that demand for regulated custody solutions is growing. More firms now want safer ways to manage their crypto as rules get stricter and oversight increases.
It’s not clear why the 10,141 BTC was moved, but it points to rising interest from big players, especially those working with licensed firms to handle their Bitcoin.
Also Read: Strategy Buys 21,021 Bitcoin for $2.47 Billion After U.S. IPO
