Institutional crypto firm Galaxy facilitated a sale of over 80,000 Bitcoin, valued at more than $9 billion, for a Satoshi-era investor. This transaction, touted as one of the largest in crypto history, marks a significant exit from the market. The mysterious whale moved the coins after holding them for 14 years, prompting intrigue among analysts. Blockchain data verified that these coins were indeed sold through Galaxy, which has not provided further comments on the specifics of the transaction. Insights from blockchain expert Ki Young Ju indicate that the coins originated from MyBitcoin.com, an early wallet service that closed due to a hack in 2011. Although Bitcoin prices showed little movement after the massive sale, experts caution that when major holders like whales liquidate, it can create selling pressure in the market. Despite this significant sale, the overall demand from cryptocurrency whales appears to remain strong, demonstrating their enduring investment strategies in Bitcoin.

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