Galaxy Digital Inc. announced a significant $9 billion Bitcoin sale on July 25. This sale was for a long-time Bitcoin holder who needed to manage their estate. The investor had kept the coins, totaling 80,000 BTC, since 2011 and began transferring them on July 4.
Despite this huge transaction, Bitcoin’s price remained stable at $117,000-$118,000, showing that the market is resilient.
A Historic 80,000 BTC Sale
The sale involved moving 80,201 BTC in two main batches to Galaxy Digital’s wallets. The transfers started on July 4, with 40,009 BTC sent on July 15 and 40,192 BTC sent on July 18. Galaxy Digital used over-the-counter (OTC) trades and sales in the secondary market to carry out the sale, minimizing any disruption.
Over 10,000 BTC went to exchanges like Binance, Bybit, and Coinbase, indicating a partial liquidation. The strategy helps early Bitcoin holders plan their wealth transfers.
Satoshi-era investors, who have not moved their coins for years, are becoming active again. Recently, this month, another investor moved 14,273 BTC, worth about $1.67 billion, to Galaxy Digital, similar to this sale. Earlier, a 2010 wallet transferred 5,000 BTC, leading to worries about sell-offs or hacks.
Bitcoin’s Resilience Amid Whale Activity
These transactions are huge because they come from the early days of Bitcoin when it was worth much less. However, Bitcoin’s stability shows that the market is strong enough to handle these large movements. Despite these large transactions, Bitcoin’s price has remained stable, close to its all-time high.
Purchases by institutions, like those from publicly traded companies like Smart Web, have increased demand and balanced out selling pressure. Galaxy’s OTC method helped keep disruptions to a minimum when executing trades. Experts say that more institutional involvement and clearer regulations support price stability.
This $9 billion sale highlights how Bitcoin is becoming more integrated with large institutions, with companies like Galaxy facilitating these deals. Recent activities, like BlackRock’s ETF inflows of $1.69 billion in July 2025, show strong interest.
Strategic purchases by companies like Strategy and Metaplanet help keep the market steady. As early investors sell their coins, institutional investors play an important role in providing support. Bitcoin’s future looks positive as it adapts to these changes with resilience.
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