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Galaxy Digital facilitated one of the largest Bitcoin transactions in cryptocurrency history, executing the sale of more than 80,000 bitcoin valued at over $9 billion for an early investor, the company announced Friday.
The massive liquidation represents one of the most significant exits from the digital asset market by a Satoshi-era investor, referring to holders who acquired Bitcoin during its earliest years when the pseudonymous creator Satoshi Nakamoto was still active in the community.
Galaxy completed the transaction as part of the investor's estate planning strategy, the firm said. The sale totaled roughly $9 billion, making it one of the largest notional cryptocurrency transactions on record.
Bitcoin prices remained largely stable following the announcement, and is curently trading near $119,000—about $5,000 higher than pre-weekend levels.
Early Bitcoin investors, particularly those who acquired holdings during the cryptocurrency's first few years of existence, represent some of the largest concentrated wealth positions in the digital asset space. Many of these "whale" holders accumulated significant positions when Bitcoin traded for dollars or even cents per coin.
The sale comes as institutional adoption of Bitcoin continues to expand, with companies like Strategy and others building substantial treasury positions in digital assets. Galaxy's ability to facilitate such large transactions highlights the growing infrastructure supporting institutional-scale cryptocurrency operations.
Galaxy Digital operates as a diversified digital assets company, providing trading, advisory, asset management, and custody services to institutional clients. The New York-based firm also invests in data center infrastructure to support artificial intelligence and high-performance computing applications.
