Galaxy Digital executed one of Bitcoin’s largest recorded transactions, facilitating the $9.4 billion sale of over 80,000 BTC on behalf of an early-era investor. The coins originated from Satoshi-era holdings and were liquidated as part of the client’s estate planning strategy, according to Galaxy Digital’s official blog.
Despite the unprecedented volume—equivalent to 0.4% of Bitcoin’s total supply—the cryptocurrency’s price demonstrated remarkable resilience. Markets recorded only a brief dip to $114,700 following the sale, with prices rebounding to $117,500 within 24 hours and stabilizing near the $117,000 threshold.
Analysts highlight the negligible price impact as proof of Bitcoin’s maturing market infrastructure, noting the absorption of such volume would have triggered severe volatility in prior years. The stability signals robust institutional liquidity, deep order books, and strong investor confidence in Bitcoin’s long-term value proposition. This stress test underscores the asset’s evolution toward mainstream financial instrument characteristics.