Federally chartered crypto bank Anchorage Digital has executed a strategic acquisition of 10,141 BTC valued at $1.19 billion, signaling robust institutional confidence in digital assets. The transaction was methodically conducted over nine hours via over-the-counter trading to prevent significant market disruption.
This acquisition is directly linked to Anchorage Digital’s forthcoming USDtb stablecoin initiative developed under provisions of the GENIUS Act. The regulated stablecoin will be launched in collaboration with Ethena Labs, aiming to bridge cryptocurrency and traditional finance with enhanced compliance frameworks.
Remarkably, Bitcoin’s market price demonstrated resilience throughout the acquisition period, declining only 0.25% over the trading week. This stability is attributed to Anchorage’s institutional-grade execution strategy that avoided conventional exchange liquidity pressures.
As a federally regulated banking entity, Anchorage Digital leverages its unique position to advance blockchain financial integration. The USDtb initiative represents a pivotal step toward establishing government-backed crypto instruments within mainstream economic systems.