Whale offloads entire 80,202 BTC stash to Galaxy Digital
Held for 14 years, original cost just $132,000
Exit price averaged $118,834 per BTC
An ancient Bitcoin whale has just made headlines by moving an astounding 80,202 BTC—worth over $9.5 billion—to Galaxy Digital, one of the major players in institutional crypto finance. According to on-chain analyst EmberCN, the latest move involved 40,192 BTC (about $4.83B), and it marks the final part of a series of transfers completed over the last three days.
What’s stunning is how long this BTC has remained untouched. The wallet holding these coins dates back 14 years to the early days of Bitcoin. Back then, the total investment was just $132,000. Fast forward to 2025, and that investment turned into an eye-watering $9.53 billion—a 72,000x return.
Who’s Behind the Whale Wallet?
While the identity of the whale remains a mystery, this isn’t just any crypto-rich individual. Analysts believe it could be linked to one of Bitcoin’s earliest miners or perhaps an institutional wallet activated for the first time in over a decade.
What adds weight to the speculation is the destination of the funds: Galaxy Digital, a crypto-focused investment firm founded by former Goldman Sachs executive Mike Novogratz. The transfer suggests a strategic sale or custody arrangement, possibly connected to over-the-counter (OTC) trading or fund management.
According to @EmberCN, the “80K BTC ancient whale” moved another 40,192 BTC (worth $4.83B) to Galaxy Digital an hour ago. Over the past 3 days, the whale has fully offloaded all 80,202 BTC held for 14 years, worth around $9.53B at an average price of $118,834. The original value…
— Wu Blockchain (@WuBlockchain) July 18, 2025
What This Means for the Market
Movements of old Bitcoin wallets often stir anxiety in the market, as they sometimes signal large-scale selling pressure. But in this case, the sale appears to have been managed in a way that avoided major price disruptions. By spreading the offload over three days and using a trusted institutional partner like Galaxy Digital, the whale ensured stability.
For retail investors, this serves as a reminder of Bitcoin’s long-term potential and the strategic importance of holding power. A $132,000 investment transformed into billions—not just because of market timing, but because of patience.
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