Galaxy Digital, led by Mike Novogratz, has made a significant move in the cryptocurrency market by acquiring 400 Bitcoin (BTC) for approximately $23.4 million. This purchase, tracked by Arkham Intelligence, increases their total holdings to 3,609 BTC, valued at around $221.95 million. The acquisition comes at a time when Bitcoin's price has dipped below $59,000, currently sitting at approximately $58,000. In a separate incident, a Bitcoin whale reportedly lost $238 million in a suspected hack, raising concerns about security in the crypto space. The funds were allegedly transferred in a single transaction, with a portion received from the Genesis Trading bankruptcy distributions wallet. This news has intensified discussions about the integrity of large transactions in the cryptocurrency market.