Overview
- Galaxy Digital announced on July 25 that it executed the sale for an anonymous Satoshi-era wallet, moving 80,000 BTC valued at over $9.3 billion.
- Blockchain analyst JA_Maartun confirmed the transfers originated from a single early adopter who had held the coins for 14 years before reactivating the wallet in early July.
- The firm described the transaction as one of the earliest and most significant exits from the digital asset market on behalf of a private client.
- Data from CryptoQuant showed more than 32,000 BTC flowed to exchanges in a short period, coinciding with a temporary drop in Bitcoin’s price to around $115,000.
- Following the deal’s completion, Bitcoin’s price rebounded above $117,000, indicating market resilience after large-scale block trades.