A former bitcoin investor (BTC) sold 80,000 BTC via Galaxy Digital, in what the digital asset company has described as one of the largest notional transactions in the history of cryptography, although the details concerning the date and the execution price have not been disclosed.
The disclosure of the sale by Galaxy Digital appeared for the first time on PR Newswire on Friday evening, followed by an article on the company’s official blog about 30 minutes later. Cointtelegraph stretched out Galaxy Digital for more details on the transaction, and although the company refused to comment more, they confirmed the authenticity of the press release.
Galaxy did not reveal the identity of the customer, but said that the “transaction was part of the wider investor’s wider planning strategy”.
The announcement came an increased volatility day for Bitcoin, the price briefly plunging below $ 115,000 on Friday, according to Cintelelegraph.
Lookonchain data indicated several major Galaxy Digital transactions throughout the day, totaling nearly 30,000 BTCs, most of the funds sent directly to trade.
These transactions were linked to a Bitcoin investor who moved 80,009 BTC from a sleeping wallet earlier this month – parts that were transferred by Galaxy, according to Lookonchain data from July 16 to 17.
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Despite increased volatility, the parts sold have been “completely absorbed”, analysts say
After a brief decrease by almost 4% on Friday, the Bitcoin price rebounded quickly and was seen for the last time a merchant over $ 117,300, according to Cintelelegraph.
Jason Williams, analyst and author of Bitcoin hard money, Note that the whole sale has already been “entirely absorbed by the market”, which suggests that prices are ready to increase considerably.
“80,000 BTC, more than $ 9 billion, were sold in orders on the open market and Bitcoin has barely moved,” wrote Joe Consorti, responsible for growth at home, a Bitcoin childcare infrastructure company.
The Bitcoin price has increased this year, recently reaching a new level of all time more than $ 123,000, driven by solid stock market entries, growing adoption in business treasury bills and regulatory developments favorable in the United States.
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