Bank of America Corp DE increased its Galaxy Digital Inc. investment by 112.4% during the second quarter. A recent SEC filing confirms the bank purchased 605,986 additional shares.
The bank now holds a total of 1,145,172 shares. This position is valued at approximately $31.3 million. The stake represents 0.29% of Galaxy Digital.
The move highlights growing institutional confidence in the digital asset and blockchain sector. Other large investors have also established or expanded positions in the company recently.