Important Highlights
- A Satoshi-era wallet containing 80,201 Bitcoin was moved to Galaxy Digital.
- Whale may be taking profits or positioning for future crypto projects
- This could impact Bitcoin’s market supply, depending on Galaxy’s role
Satoshi Era Whale Wakes Up After 14 Years
Something big just happened in crypto. A Satoshi Era Bitcoin whale a silent holder of over 80,000 BTC has suddenly come to life.
Over the past few days, this long-dormant wallet moved a jaw-dropping 80,201 BTC (worth around $9.6 billion) to Galaxy Digital, an institutional crypto firm.
To break it down: the whale sent 40,009 BTC first, then followed up with another 40,192 BTC.
That’s the kind of move that makes people stop and ask: Why now? And more importantly, what’s the plan?
Why This Satoshi Era Move Has Everyone Talking
The last time this whale moved any BTC was… 14 years ago. Seriously.
Per the blockchain detectives at Lookonchain, the whale initially accumulate 20,000 BTC in April 2011 and subsequently increased their holdings by 60,009 BTC in May 2021.
Since then, total silence until now.
And it doesn’t end there.
Moreover, exchanges such as Binance and Bybit have reportedly received around 6,000 BTC. Usually, this conduct indicates a desire to sell.
Perhaps It Is Profit-Taking Or Maybe Something Bigger
Kadan Stadelmann, CTO at Komodo Platform, offered some insight.
With Bitcoin recently smashing through $122,000, this whale may have simply decided it was time to lock in some life-changing profits after all, their stash is now worth nearly $10 billion.
But Kadan thinks there might be more to it.
Maybe the whale is:
- Moving coins to safer, more secure wallets
- Planning to fund off-grid, Bitcoin-aligned projects
- Not too happy about Bitcoin’s increasing institutionalization and regulation
- Using Galaxy Digital to help redistribute or better manage their holdings
To put it another way, cashing out might not be the only option here. Given how much early Bitcoiners cared about privacy and decentralization, this could be a calculated, values-based move.
How Does Galaxy Digital Fit Into This?
Now, let’s talk about Galaxy Digital a crypto firm known for working with big-money clients.
One crypto trader, Marty Party, posted on X that he thinks Galaxy actually bought the 80K BTC. His theory?
“In my opinion, they bought all 80k, sold something, and will keep some, then used money to grow their companies. Played well. 80K is away from the market.”
That’s a big claim. But if it’s true, it means these coins are now out of circulation potentially tightening Bitcoin’s supply even more.
And when supply shrinks while demand grows… well, you know what that means.
Still, it’s also possible Galaxy is just holding the BTC for the whale as a custodian.
Even that would be significant. This shows that the holders of Satoshi-era are also beginning to trust institutional players with the management of their property.
Why Satoshi-era coins still matter a lot
In Crypto, not all bitcoins are the same. Coins of the Satoshi era the first few years after the launch of bitcoin severe weight loss.
They are seen as a symbol of early belief in bitcoin vision. So when these coins run, the market sees very closely.
It is also a reminder that Satoshi Nakamoto, the mysterious producer of bitcoin, is still considered more than 1 million BTC.
It is about $ 131 billion today. If they ever move their stand, it will make the market even more difficult.
Final Thoughts
These satoshi-era holders are deeply attractive about. They have been here since the beginning prolonged before bitcoin, before the institutions stepped, and of course before Crypto calm down.
As a result, when one of them does something, it is a statement rather than merely a transaction.
Maybe it’s about securing profits. Or maybe it’s about pushing Bitcoin closer to its roots.
In any case, the story is over. There is no denying that the past still has an impact in the cryptocurrency space, and whatever happens further may have an impact on the future of bitcoin.