An early investor has sold over 80,000 BTC through the digital asset management company Galaxy Digital. The firm described the transaction as one of the largest by notional value in Bitcoin’s history.
According to the statement, the sale of coins worth more than $9 billion was “part of a broader client strategy for estate planning.” The firm did not disclose further details.
On July 4, the cryptocurrency owner moved 80,009 BTC for the first time in 14 years from eight wallets. The coins had been sent to these addresses in April-May 2011.
The transactions caught the community’s attention and sparked debates about the owner’s identity. Speculations included Roger Ver, the CIA, and Bitcoin’s creator Satoshi Nakamoto.
As analysts tracked the subsequent movement of assets, they discovered their arrival in wallets associated with Galaxy. On July 25, amid large transfers by the company to exchanges, the price of digital gold dipped to $115,000.
At the time of writing, prices had recovered to around $117,300.
Analyst and author of the book Bitcoin Hard Money, Jason Williams, noted that the “market fully absorbed” the massive sell-off. In his view, this indicates the cryptocurrency’s readiness to continue its growth.
“80,000 BTC over $9 billion were sold through open market order books, and Bitcoin’s price barely changed,” stated Joe Consorti from Theya.
80,000 BTC, over $9 billion, was sold into open market order books, and bitcoin barely moved.
That’s the story. pic.twitter.com/dpzgGiaWpf
— Joe Consorti ⚡️ (@JoeConsorti) July 25, 2025
Earlier, leading BRN analyst Valentin Fournier did not rule out a retest of the $110,000 support level amid the dip in the leading cryptocurrency.