A long-dormant Bitcoin whale transferred 80,201 BTC valued at approximately $9.6 billion to cryptocurrency financial services firm Galaxy Digital. This marks the first major transaction from this entity in 14 years.
The coins were predominantly accumulated between 2011 and 2012, with the transfer occurring as Bitcoin trades near all-time high valuations. Market analysts suggest the move could represent profit-taking after years of appreciation or strategic portfolio realignment.
Speculation regarding motivations includes possible wallet security optimization, institutional-grade custody arrangements, or preparatory redistribution made through Galaxy Digital as a regulated intermediary. This transaction underscores the substantial wealth generated for early adopters during Bitcoin’s evolution.
For context, the network’s pseudonymous creator Satoshi Nakamoto remains inactive despite holding an estimated 1.096 million BTC worth $131 billion at current valuations. Such high-value whale movements continue to provide critical insights into market psychology and Bitcoin’s maturation.