You Won’t Believe What Galaxy Digital Just Did with 80,000 Bitcoin!

by

In a development that sent shockwaves through the cryptocurrency universe, Galaxy Digital has sold a whopping 80,000 Bitcoin, valued at an eye-watering $9 billion, on behalf of a mysterious long-term investor. How riveting! 🔍💰

Revealed on July 25, this isn’t just a casual Tuesday transaction—this one is about as big as they come in the Bitcoin saga. You’d think they were trying to fund the space program or at least a moderately-sized asteroid. 🚀

The Great Bitcoin Hunt: Galaxy’s $9 Billion Sale Takes Us Back to the Jurassic Period of Crypto

According to the fine folks at Galaxy, these Bitcoins harken back to the Stone Age of cryptocurrency, acquired by an unnamed client during Bitcoin’s ancient infancy and held onto like a cherished collection of Beanie Babies for over a decade. The decision to sell? A delightful estate planning move! Because nothing says “I love my family” quite like liquidating a fortune in Bitcoin after a decade of holding on. 💔

In a maestro-like performance, Galaxy decided to announce this colossal sale right on the blockchain itself, embedding their message using an op_return field in what can only be described as the tech-savvy equivalent of yelling “I WAS HERE!”

Oh, and in a delightful twist, they sent 1 satoshi—Bitcoin’s tiniest crumb—to each recipient address. It’s like leaving a mint on a hotel pillow, but instead, we’ve got a sprinkle of digital dust that got the attention of blockchain analysts everywhere. Glittering! ✨

“If the press release isn’t on-chain, did it even really happen?” mused the ever-witty pseudonymous analyst Mononaunt. “This transaction is funded with 80,000 sats from a Galaxy Digital address, and it pays 1 sat of dust to each of the addresses involved in the 80,000 BTC sale.” Ohhh, the drama!

Following this revelation, blockchain detectives, armed with copious amounts of caffeine and maybe too much time on their hands, traced the coins back to MyBitcoin. That relic of a wallet service shut down in 2011 after a notorious hack left many standing with their pockets empty. Imagine finding that old wallet under your bed and realizing it’s stuffed with cash—only to find out it’s Monopoly money. 🔍

CryptoQuant CEO Ki Young Ju chimed in, saying those dormant wallets hadn’t moved since 2011, right before the service’s unfortunate demise. “It likely belongs to the hacker or the mysterious founder known as Tom Williams. Did Galaxy Digital buy Bitcoin from a ghost? The suspense is killing me!” 👻

“Have they lost faith that badly that they want to take that much money out that quickly? Unless they plan to buy the LA Lakers in cash, it seems odd, even concerning,” mused Bloomberg’s Eric Balchunas. Indeed, one might wonder if this is a cry for help or just a Tuesday in the crypto world. 🏀

Meanwhile, Eliezer Ndinga from 21Shares reassured us that if Galaxy facilitated this hefty transaction, they probably did a thorough KYC check. After all, let’s not invite the bad actors to the party! 🕵️‍♂️

“Though it seems a little hacker-esque, I assumed Galaxy had a stringent KYC process to let that monumental transaction sail through,” Ndinga remarked. And you know what? Good for them! Everyone loves a good background check.

Despite there being a justifiable amount of concern about this grand maneuver, some sharp-eyed market observers noted Bitcoin’s spectacular bounce-back! It’s trading above $117,000 now—talk about a comeback! A digital asset that once plunged under $115,000 amidst the chaos has risen like a phoenix from the ashes. 🔥

Read More

2025-07-26 15:26