The cryptocurrency market recently demonstrated remarkable depth and resilience, effectively absorbing the sale of over 80,000 Bitcoin (BTC) in a significant transaction facilitated by institutional digital asset manager Galaxy Digital. This substantial divestment, initiated by an early, long-dormant Bitcoin holder, underscores the growing maturity and liquidity of the digital asset ecosystem, even when confronted with multi-billion-dollar transfers.
- Over 80,000 Bitcoin (BTC), valued at approximately $9.43 billion, were sold.
- The transaction was facilitated by Galaxy Digital, acting as an intermediary.
- The Bitcoin originated from a “Satoshi-era” participant, having been dormant for over 14 years.
- Funds were aggregated between July 15-18, 2025, with the sale occurring on July 25, 2025.
- Bitcoin’s price exhibited notable stability, quickly recovering from brief dips despite the large sale.
- Galaxy Digital clarified its role, confirming the sale was on behalf of a client, not from its proprietary reserves.
According to blockchain analytics firm Lookonchain, Galaxy Digital initiated the transfer of approximately 80,000 BTC to various cryptocurrency exchanges on July 25, 2025. This significant divestment followed the aggregation of 80,009 BTC – valued at an estimated $9.43 billion at the time – into Galaxy Digital’s custody between July 15 and 18, 2025. Reports indicate these funds had remained untouched for over 14 years, strongly suggesting their provenance from a so-called “Satoshi-era” participant, one of Bitcoin’s earliest adopters.
Despite the immense volume of BTC introduced to the market, Bitcoin’s price exhibited remarkable resilience. On July 15, the day initial transfers to Galaxy Digital began, the price briefly touched $116,000 before swiftly rebounding. Similarly, on July 25, the day the large-scale sale commenced, Bitcoin experienced a temporary dip below this threshold but quickly recovered to approximately $118,000, a level it largely maintained. This robust absorption of significant selling pressure underscores a substantial underlying demand and market depth, indicative of growing investor confidence.
Galaxy Digital’s Role in the Transaction
Galaxy Digital promptly clarified its involvement, unequivocally refuting speculative rumors that the sale originated from its proprietary reserves. The firm confirmed its role was exclusively that of an intermediary, facilitating the transaction on behalf of a major, early Bitcoin holder. This substantial divestment was characterized as an integral component of the client’s comprehensive wealth management strategy, highlighting the increasingly sophisticated institutional services now available for managing significant digital asset portfolios.
The specific identity of the buyer(s) and the precise disposition of these substantial Bitcoin assets have not been disclosed. Nonetheless, this landmark transaction serves as a compelling demonstration of how large-scale, strategic liquidations of early-acquired crypto assets can be efficiently managed through established financial intermediaries. Such operations further integrate digital assets into the broader traditional wealth management frameworks, signifying a maturation of the asset class.
Senior Crypto Correspondent with over 8 years of experience covering Bitcoin, altcoins, and blockchain technology for leading financial publications. Alexander holds a master’s degree in Financial Economics and specializes in in-depth market analysis, regulatory updates, and interviews with top industry figures.