One of the Biggest Bitcoin Whales in History Just Cashed Out $9 Billion
Institutional crypto firm Galaxy reported 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 sales in crypto history, described as a major exit from the digital asset market. The Bitcoin whale, who had held the coins for 14 years, re-emerged this month, prompting mixed reactions among analysts. Blockchain analyst JA_Maartun confirmed that the same coins were moved to Galaxy's addresses. Further analysis suggested that these coins originated from an early Bitcoin wallet service, MyBitcoin.com, which went offline after a hack in 2011. Though the sale was substantial, Bitcoin's price experienced a minor dip of just 1%, trading around $117,274, nearly 5% below its all-time high.
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