Institutional crypto company Galaxy said on Friday that it had sold more than 80,000 Bitcoin than $ 9.3 billion for the current price-for a Satoshi era investor.
In a Friday statement, Galaxy said: “It was one of the greatest notional Bitcoin transactions in the history of Crypto on behalf of a customer.” The company further described the sale as “one of the earliest and most important outputs of the market for digital assets.”
A mysterious Bitcoin -Walvis woke up early this month, moving 80,000 BTC after holding the coins after 14 years, astonishing crypto analysts.
Blockchain analyst JA_Maartun told Decrypt On Friday, those movements were from the same investor who used Galaxy to sell the coins. He shared blockchain data to show that the same coins had been moved to the addresses of Galaxy.
Galaxy refused to comment or answer Decryptask.
Blockchain firm cryptoquant’s CEO, Ki Young Ju, written On X that the coins came from an early Bitcoin wallet service, mybitcoin.com, which was closed in 2011 after a hack. He added that Galaxy probably bought the coins from the owner.
A Bitcoin Walvis is usually defined by an entity that owns 1,000 BTC – WORTH $ 117 million at today’s prices – or more.
Experts have told earlier Decrypt That although difficult to say, whales are not always individual investors, but also companies that are involved in the mines of Crypto.
When whales wake up, the sales pressure sometimes follows, because investors expect the entity to apply.
Despite the enormous sale of Friday, the price of Bitcoin has fallen by only 1% in the last day and it will remain unmoved over a period of seven days, according to To Coingecko. The leading cryptocurrency was recently traded for $ 117,274-bijna 5% under the all times of $ 122,838.
Note of the editors: This story was updated after publication with additional details.
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