DBS’s latest blockchain-recorded transaction coincides with a weekly Ethereum purchase totaling nearly 25,000 ETH, indicating sustained accumulation activity.
DBS transferred 3 million USDC to Galaxy Digital on February 4, potentially as part of its ongoing Ethereum buying strategy. Blockchain data shows that DBS has acquired 24,898 ETH in the past week. The bank has not confirmed the purpose of the transfer, but the activity aligns with a pattern of accumulating Ethereum.