Bitcoin Rockets to $117K: What Galaxy’s Secret $80K BTC Move Means for Early Whales and Your Next Big Investment
Ever wondered what happens when a Bitcoin whale decides it’s time to make one of the biggest splashes in the crypto sea? Well, buckle up—because Galaxy Digital just closed the sale of 80,000 BTC, a jaw-dropping $9 billion move on behalf of a Satoshi-era investor. It’s not every day you see such an astronomical exit, especially when it’s tied to estate planning from the earliest days of Bitcoin itself. Sure, the price dipped to $115K amid the frenzy, but by the afternoon, Bitcoin was back in the game, climbing toward $117K. This isn’t just a sale; it’s a seismic event for Bitcoin holders and crypto markets alike. Curious how this shakes up the landscape and what it means for savvy investors? Let’s dive in. LEARN MORE
Galaxy confirmed executing a $9B bitcoin sale for a Satoshi-era investor, one of the largest exits in crypto history.
Key Takeaways
- Bitcoin dropped to $115K early Friday as news of Galaxy’s 80K BTC transaction surfaced.
- Galaxy executed the historic $9B deal on behalf of a legacy investor as part of estate planning.
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Bitcoin traded near $117,000 Friday afternoon after Galaxy Digital confirmed it executed a historic 80,000 BTC sale for a Satoshi-era investor.
The transaction, worth more than $9 billion at current prices, was one of the largest notional Bitcoin sales ever recorded. Galaxy said the deal was part of the early investor’s estate planning strategy and represents one of the most significant exits in Bitcoin’s history.
The effects of the selling were felt Thursday night and early Friday morning as Bitcoin fell to $115,000. A CryptoQuant analyst noted that more than 32,000 BTC, linked to Galaxy Digital, were deposited to exchanges in a short window, contributing to the sharp drop.
By Friday afternoon, Bitcoin had stabilized and began climbing again, with the asset currently exchanging hands around $117,000.
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