Singapore's major bank DBS is actively expanding its virtual asset portfolio—holding over $1.2 billion in ETH and BTC combined

The heavyweight of Singapore's financial sector, DBS Bank, is steadily strengthening its presence in the virtual assets space. Looking at the bank's current holdings, it possesses cryptocurrencies worth over $1.2 billion, demonstrating its serious commitment as an institutional investor.

**Latest Asset Holdings**

DBS Bank's holdings of ETH have reached 158,770 coins, which, at current market prices, amounts to approximately $510 million. Meanwhile, its BTC holdings are 7,861 coins, valued at about $728 million. The total market capitalization of these cryptocurrencies has already surpassed the $1.2 billion mark.

**Recent Acquisition Activity from Galaxy Digital**

Notably, just 7 hours ago, the bank received an additional 2,000 ETH from Galaxy Digital. This acquisition alone is worth approximately $6.4 million, indicating DBS's ongoing efforts to increase its assets. This series of movements clearly illustrates that one of Singapore's largest banks is deepening its strategic involvement in virtual assets.

**Institutional Investors' Movements Under Market Scrutiny**

Gradual acquisitions of cryptocurrencies by large financial institutions send important signals that influence overall market sentiment. The actions demonstrated by leaders in Singapore's banking sector suggest that the institutionalization of virtual assets in the Asia-Pacific region is further advancing.