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Bitcoin Whale Moves $9B in BTC: Galaxy Digital Confirms Historic Sale
Bitcoin – In a historic move that shook the crypto world, an early Bitcoin (BTC) investor has reportedly sold 80,000 BTC, worth over $9 billion, through Galaxy Digital. The company described the trade as “one of the largest notional transactions in crypto history”. While the exact execution date and sale price remain undisclosed, the transaction was officially confirmed in a press release on PR Newswire, later echoed by a Galaxy blog post.
Though the identity of the seller remains undisclosed, Galaxy stated that the massive liquidation was part of the investor’s broader real estate planning strategy.
BTC Price Dips, Then Rebounds Above $117K
The announcement came amid increased market volatility, with Bitcoin briefly dropping below $115,000 on the day of the sale. However, the market quickly absorbed the shock. Within hours, BTC had rebounded, trading above $117,300, according to Cointelegraph.
On-chain data from Lookonchain revealed several major BTC transactions involving Galaxy Digital, including the movement of 30,000 BTC to exchanges on the same day. These transfers are believed to be part of the larger 80,009 BTC that were moved from a dormant wallet earlier in July.
Market Absorbs Massive Sale with Minimal Impact
Experts are calling the market’s reaction remarkably resilient. Jason Williams, author of Bitcoin Hard Money, and Joe Consorti from Theya, both noted that the sale has been fully absorbed by the market.
“80,000 BTC, over $9 billion, was sold into open market order books, and Bitcoin barely moved,” said Consorti, highlighting the growing liquidity and maturity of the BTC market.
Bitcoin Hits New ATH Above $123K
Despite short-term fluctuations, Bitcoin’s upward trajectory continues. The asset recently reached a new all-time high above $123,000, fueled by ETF inflows, rising corporate adoption, and positive U.S. regulatory developments.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
