Massive Bitcoin Whale Liquidates $9 Billion: A Historic Move in Crypto

Institutional crypto firm Galaxy said Friday that it had sold more than 80,000 Bitcoin—over $9.3 billion worth at the current price—for a Satoshi-era investor.

In a Friday statement, Galaxy said “it was one of the largest notional Bitcoin transactions in the history of crypto on behalf of a client.” The firm further described the sale as “one of the earliest and most significant exits from the digital asset market.”

A mysterious Bitcoin whale woke up at the start of this month, moving 80,000 BTC after holding the coins for 14 years, baffling crypto analysts. Blockchain analyst JA_Maartun told Decrypt on Friday that those movements were from the same investor who used Galaxy to sell the coins.

Editor’s note: This is a breaking news story and will be updated with additional details.