Satoshi-Era Investor Sells $9 Billion in Bitcoin Through Galaxy Digital
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Satoshi-era investor sells 80,000 Bitcoin via Galaxy, worth $9 billion. Galaxy Digital executes historic Bitcoin sale without shaking the market. Bitcoin briefly dips, then rebounds, showing strong institutional investor demand. In a major development in the crypto world, an early Bitcoin investor has sold 80,000 BTC through Galaxy Digital. This transaction is one of the largest Bitcoin sales ever recorded. According to current market prices, the estimated value of the transaction is about 9 billion dollars. Galaxy Digital Sells Old Bitcoin Without Rocking the Market The Bitcoin that was traded was in the wallet that existed during the early days of the cryptocurrency, commonly referred to as the Satoshi era. Whereas the Bitcoin developed in 2009 is almost non-moved, this wallet was a bit of newer one but very old, perhaps 2010 or 2011. The coins of that time are very rare, and this sale is even more important. The deal was done without any hitch by Galaxy Digital, which is a financial services company that deals with digital assets. They failed to disclose the exact sale price, however, blockchain observers reported multiple huge Bitcoin transfers over the trading day. Lookonchain and other analytics firms monitored these transfers, most of which were sent to exchanges. Noteworthy, this sell-off was huge yet did not create significant market havoc. The prices of Bitcoin did dip down to below $115,000 on Friday, but they recovered soon. This recovery indicated high demand of Bitcoin, particularly by institutional investors. This was interpreted by many analysts as a good indication that the market is capable of taking huge transactions without collapsing. Other analysts think that the sale would affect the future price trend. On one hand, selling so many Bitcoins at once could lower prices. On the other hand, the sale happened calmly without panic. This…
Filed under: News - @ July 27, 2025 3:14 am