An early Bitcoin whale, originally holding 80,201 BTC from the Satoshi era, has just transferred the second half of that treasure trove—40,192 BTC valued at around $4.77 billion—to Galaxy Digital. This follows a previous transfer of 40,009 BTC earlier this week to the same asset management firm.
The move was flagged by blockchain analytics firm Onchain Lens, which confirmed the complete 80,201 BTC—worth roughly $9.6 billion at current market prices—has now made its way to Galaxy Digital over a four-day period.
Meanwhile, blockchain intelligence company Nansen noted that around 6,000 BTC have also been routed to trading platforms Binance and Bybit, possibly indicating strategic liquidity plays or partial selling.
14 Years of Dormancy Ends in Billion-Dollar Moves
The whale’s recent activity has drawn attention across the crypto space. According to Lookonchain, the entity began moving funds on July 4, ending a 14-year silence. The original stash came from two massive transactions: 20,000 BTC received on April 2, 2011, and another 60,009 BTC on May 4, 2021.
Komodo Platform CTO Kadan Stadelmann weighed in, suggesting the whale may be locking in profits now that Bitcoin has crossed the $122,000 mark, pushing their entire holding above $9.7 billion. But he also speculated the motivations could range from personal security to funding new ventures or even pursuing projects aligned with Bitcoin’s self-sovereign ethos.
Galaxy Might Not Mean a Sell-Off
Although some of the BTC sent to Galaxy has ended up on exchanges—typically a signal of selling—Stadelmann cautioned that it doesn’t necessarily indicate a full liquidation. He pointed out it could be part of a reorganization for improved wallet security or strategic fund distribution.
“This might be part of a new venture, or Galaxy could simply be acting as a custodian to redistribute the BTC into smaller wallets,” Stadelmann said.
Pseudonymous trader Marty Party chimed in on X, speculating Galaxy Digital may have outright purchased the Bitcoin:
“IMO: They bought all 80k, sold some and will hold some, and use the proceeds to benefit their businesses. Well played. The 80k is off the market.”
Satoshi Now Among the World’s Richest
On a related note, Bitcoin’s latest price surge has propelled Satoshi Nakamoto—believed to control around 1.096 million BTC—into the ranks of the world’s wealthiest. With the stash now worth over $131 billion, Nakamoto would theoretically sit at #11 on Forbes’ billionaire list.
Download the FREE Bitcoin Mining eBook
Kickstart your mining journey with essential insights:
https://bitmernmining.com/landing-page-ebook-download/
For more news, find me on Twitter Giannis Andreou and subscribe to My channels Youtube and Rumble
What is your opinion on this particular topic? Leave us your comment below! We are always interested in your opinion!
