Galaxy Digital, a company that provides institutional investment in digital assets, announced last night the success of its execution of the largest Bitcoin-Detected Transaction (BTC) in cryptocurrency history on behalf of its clients.
Through a statement, the company reported it Completed sales of over 80,000 btc and worth over $9,000 million (USD), according to current market prices.
The movement “represents one of the fastest and most important holdings in the digital asset market,” says Galaxy Digital.
As mentioned earlier, the deal was part of this older investor’s broader father’s planning strategy into the market.
The company did not share on-chain data to check transactions, but did not reveal the identity of the investors. I warned about this possible operation along the way..
«80,009 BTC (US$9.4 billion) of Bitcoin OG appears to be on sale! “In the last hour, we had moved 9,000 BTC (US$10.6 billion) to Galaxy Digital, and were probably preparing to sell it through the service,” he said.
meanwhile, Bitcoin quotes about $118,000despite sales, showed stability in the region, reported by Cryptootics after reaching a historic maximum of $122,000 earlier this week.
«This news would have ruined the market five years ago. Analysts such as Joe Consortie commented on the sale of 80,000 BTC, which made the whales of the era of Nakamoto, an anonymous creator of Bitcoin, released in 2009.
According to an analysis by Ki Young Ju, founder and CEO of the on-chain cryptographic research platform, 80,000 BTC sold acquired the wallet that had been housed in the MyBitcoin exchange 14 years ago.
«The wallet was inactive since April 2011 before Mybitcoin collapsed with the July hack. “It’s likely that he belongs to a hacker or an anonymous founder known as Tom Williams,” he said.
If this is effective, This is one of the most profitable operations in history. At the time, Bitcoin was estimated to be worth just $2, meaning that the value of this whale investment has increased by more than 55,000 times.
