A Bitcoin whale, holding 80,000 BTC since 2011, reportedly transferred 18,643 BTC (approximately $2 billion USD) to Galaxy Digital, a crypto-focused financial services firm specializing in institutional clients. This transfer, executed on July 15, 2025, has sparked market speculation due to its size and the involvement of a Satoshi-era wallet, which had been dormant for over 14 years. The coins, originally acquired at an average price of around $0.78 to $3.37 in 2011, represent a massive unrealized gain.

The transfer to Galaxy Digital, likely an over-the-counter (OTC) deal, suggests the whale may be preparing to liquidate part of their holdings, though no direct exchange transfers have been confirmed, indicating it could also be a custodial or security-related move. The market saw a dip, with Bitcoin falling from above $119,000 to around $117,600, reflecting concerns about potential selling pressure. However, some analysts suggest this could be part of a wallet upgrade to modern, more secure formats (e.g., SegWit addresses) rather than an immediate sell-off. The whale still holds approximately 61,357 BTC, valued at over $7 billion at current prices.

Speculation about the whale’s identity, including links to early Bitcoin figures like Roger Ver, remains unconfirmed. The transfer’s timing and scale have raised questions about market impact, with analysts noting that such moves by early holders could signal profit-taking or strategic repositioning amid Bitcoin’s recent highs above $100,000.
#BTCWhaleTracker