Galaxy Digital facilitated the sale of 80,000 Bitcoin on behalf of a long-term investor active since the cryptocurrency’s earliest days, executing one of the largest single transactions in recent memory.
The full volume was absorbed almost instantly by Bitcoin treasury firms and institutional buyers, demonstrating substantial institutional capacity to swiftly acquire major holdings. This immediate market absorption occurred despite the sale’s sizeable impact on trading activity.
Publicly traded companies—including Strategy and Trump Media and Technology Group—have been actively stockpiling Bitcoin as treasury reserves, contributing to upward price momentum. The rapid institutional acquisition underscores their critical role in both stabilizing valuations and driving price appreciation, reflecting deepening corporate participation in cryptocurrency markets.