Satoshi-era Bitcoin whale shifts second 40K BTC pile to Galaxy Digital
2025-07-18 05:59:16
Main Idea
A Satoshi-era Bitcoin whale transferred 80,201 BTC to Galaxy Digital, potentially securing profits after 14 years of holding, with speculation on motivations ranging from profit-taking to wallet security strategies.
Key Points
1. A Satoshi-era Bitcoin whale moved 80,201 BTC (worth $9.6 billion) to Galaxy Digital in four days, with 6,000 BTC sent to exchanges Binance and Bybit.
2. The whale accumulated Bitcoin in two deposits: 20,000 BTC in 2011 and 60,009 BTC in 2021, now valued at over $9.7 billion.
3. Speculation includes profit-taking, wallet security strategies, or using Galaxy Digital as an intermediary for distribution.
4. Galaxy Digital may have purchased the Bitcoin, potentially removing 80,000 BTC from the market.
5. The whale's actions coincide with Bitcoin reaching a new all-time high of over $122,000.
Description
Kadan Stadelmann, chief technology officer at Komodo Platform, speculates the whale might be securing its “jaw-dropping profits” after 14 years of holding.
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