$9 Billion Bitcoin Sale: Galaxy Digital Moves Decade-Old BTC

by Ouess

Galaxy Digital just facilitated one of Bitcoin’s largest-ever transactions, selling 80,000 BTC ($9 billion) on behalf of a long-term holder.

Key Details of the Mega Sale

✅ 80,000 BTC sold (worth $9B)
✅ Held since Bitcoin’s early days (pre-2011)
✅ Linked to MyBitcoin wallets (defunct early exchange)
✅ Estate planning cited as primary reason

The Mystery Behind the Seller

Blockchain sleuths traced the coins to MyBitcoin-era addresses—a wallet service hacked in 2011. Two theories emerged:
🔹 Hacker liquidation? (coins dormant since April 2011)
🔹 Original founder cashing out? (Tom Williams, anonymous creator)

Galaxy embedded an on-chain announcement, sending 1 satoshi to each recipient—a symbolic nod to transparency.

Market Impact & Bitcoin’s Resilience

  • Initial dip: BTC briefly fell below $115,000
  • Swift recovery: Now trading at $117,000+
  • Minimal long-term disruption shows market maturity

Why Sell $9B All at Once? Experts Divided

❓ Slippage concerns: Such a large sale likely caused price impact
❓ Motives questioned: Why the urgency unless buying something major?
✅ KYC likely in place: Galaxy probably vetted the seller thoroughly

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