Investment firm Galaxy has transferred 80,000 Bitcoin worth approximately $9 billion from wallets originating in 2011 as part of a strategic estate planning initiative. The transaction represents one of the largest cryptocurrency-based wealth management operations to date, highlighting increasing institutional adoption for legacy planning purposes.
Despite the substantial volume, which saw over 32,000 BTC enter exchanges within hours, Bitcoin’s price exhibited strong market resilience. The cryptocurrency briefly dipped to $115,000 before rebounding to $117,000, demonstrating robust absorption of the liquidation with minimal long-term disruption to market stability.
Analysts noted the efficient execution, emphasizing that dormant coins were successfully liquidated without triggering significant volatility. This underscores growing market maturity as institutional-scale movements become increasingly commonplace in the crypto ecosystem.