One of the Biggest Bitcoin Whales in History Just Cashed Out $9 Billion
Main Idea
Galaxy, an institutional crypto firm, sold over 80,000 Bitcoin (worth over $9.3 billion) from a Satoshi-era wallet, marking one of the largest Bitcoin transactions.
Key Points
1. Galaxy sold more than 80,000 Bitcoin, valued at over $9.3 billion at current prices.
2. The transaction involved Bitcoin from a Satoshi-era wallet, indicating the coins were held for a long period.
3. A mysterious Bitcoin whale moved the 80,000 BTC after holding them for 14 years, surprising crypto analysts.
4. Blockchain analyst JA_Maartun confirmed the movements were from the same investor who used Galaxy to sell the coins.
Description
Galaxy said Friday that it conducted a $9 billion Bitcoin sale for a Satoshi-era whale. Here's what we know about the massive exit.
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