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Satoshi-era investor sold 80,000 Bitcoins worth $9 billion through Galaxy Digital
A major Bitcoin whale has sold 80,000 BTC through Galaxy Digital in one of the largest transactions in crypto history. The company confirmed the sale but did not disclose the exact date or execution price.
Massive sale of historic coins
Galaxy Digital announced the deal on the evening of July 27, calling it one of the largest transactions by notional value in cryptocurrency history. Company representatives confirmed the authenticity of the press release but declined to provide further comments.
The identity of the client has not been revealed; however, Galaxy Digital stated that "the transaction was part of a broader estate planning strategy of the investor." This indicates that the seller decided to diversify assets or address inheritance matters.
Satoshi-era coins return to the market
Lookonchain data shows that throughout the day, several large transactions totaling nearly 30,000 BTC were processed through Galaxy Digital, with most of the funds sent directly to exchanges.
These transactions are linked to a Bitcoin investor who transferred 80,009 BTC from a dormant wallet earlier this month. The coins were later handed over to Galaxy Digital.
The market absorbed the sale with minimal impact
Galaxy Digital's announcement coincided with increased Bitcoin volatility. On July 26, the price briefly dropped to $115,000 but quickly recovered and rose above $117,300.
Jason Williams, analyst and author of Bitcoin Hard Money, believes the sales have already been "fully absorbed by the market," indicating readiness for continued price growth.
“80,000 BTC — over $9 billion — was sold on the open market, and Bitcoin barely moved,” noted Joe Consorti, Head of Growth at Theya, a Bitcoin custody infrastructure company.
Such a market reaction demonstrates Bitcoin’s maturity as an asset and the depth of liquidity on modern exchanges. Moreover, the ability to digest a sale of this scale without significant price impact speaks to growing institutional support.
Sales of Satoshi-era coins at this scale remain rare. Most early investors prefer to hold their positions or sell gradually to avoid affecting the asset’s price.
See also: "ResearchCoin jumps 32% amid Coinbase listing plans"
