Galaxy Sells 80K Satoshi-Era BTC as Bitcoin Hits $117K
Galaxy sells $9B in Satoshi-era Bitcoin as BTC surges to $117K, signaling renewed bullish momentum.
- Galaxy offloads 80,000 BTC from early-era investor.
- Sale totals $9B, marking one of the largest crypto transfers.
- Bitcoin price touches $117K amid bullish sentiment.
Galaxy, a leading digital asset investment firm, has made headlines by completing the sale of 80,000 Bitcoin—originally mined in the Satoshi era—for a staggering $9 billion. This massive move comes from a long-dormant wallet believed to be connected to an early Bitcoin investor, potentially one of the first to accumulate BTC alongside or shortly after Bitcoin’s mysterious creator, Satoshi Nakamoto.
The transfer is not just noteworthy because of its scale. The coins sold had remained untouched for over a decade, further fueling speculation about the identity of their original holder. These kinds of transactions are rare and often stir excitement and fear in the crypto markets. However, this time, the sale seems to have done the opposite.
Bitcoin Breaks Records: $117K and Climbing
Despite concerns that such a large BTC sale might dump the price, the market has responded positively. Bitcoin soared past the $117,000 mark following the news—its highest level to date. Investors and analysts alike view this as a sign of strong institutional interest and a maturing market that can absorb even multibillion-dollar movements.
The sale also indicates increasing confidence among early adopters to finally cash out, suggesting that liquidity and demand for Bitcoin remain robust in 2025. The bullish momentum following the sale highlights how far the market has come from its volatile past, with growing optimism that this could be just the beginning of a new upward cycle.
What This Means for Crypto’s Future
The Galaxy transaction could mark a turning point in how large Bitcoin holdings from the early days of crypto are handled. Rather than triggering panic, this Satoshi-era Bitcoin sale has fueled a rally, showcasing market resilience. It also reflects broader adoption and investor appetite for digital assets at scale.
As Bitcoin continues its march into mainstream finance, events like this serve as reminders of both its revolutionary past and its promising future.
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