One of the Biggest Bitcoin Whales in History Just Cashed Out $9 Billion
Institutional crypto firm Galaxy announced a significant sale of over 80,000 Bitcoin, valued at more than $9.3 billion, on behalf of a Satoshi-era investor. This transaction marks one of the largest notional Bitcoin transactions in history and represents a major exit from the digital asset market by a long-term holder. The Bitcoin whale, who had held these coins for 14 years, stunned analysts with their sudden movement of the assets, suggesting a coordinated exit strategy. Blockchain analyst JA_Maartun linked this sale to the same investor, citing blockchain data that illustrated the movement of the coins to Galaxy’s addresses. The coins reportedly originated from MyBitcoin.com, an early Bitcoin wallet service that shut down in 2011 following a hack. Despite this substantial sale, Bitcoin's price showed resilience, dipping only by 1% and trading around $117,274, remaining close to its all-time high of $122,838.
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