Galaxy Digital has revealed the sale of more than 80,000 bitcoins – more than $ 9 billion, in the name of a long -term investor.
The transaction, revealed on July 25, is one of the most important ever executed in the history of Bitcoin.
Analysts trace the sale of $ 9 billion in Galaxy BTC to the first mybitcoin era portfolio
According to Galaxy, Bitcoin belonged to an anonymous customer who acquired him during the first days of Bitcoin and held the parts for more than a decade.
The company has described this decision as part of the customer’s estate planning, referring to a strategic decision to make gains after years of detention.
In particular, Galaxy also announced on the channel, using an OP_return field to integrate the message into transaction metadata.
The transaction included 1 Satoshi – The smallest Bitcoin unit – be sent to each recipient address. This symbolic act caught the attention of blockchain analysts.
“If the press release is not in a chain, does this even really happen? This transaction is financed with 80,000 SAT from a Galaxy digital address, and pays 1 SAT of dust at each addresses involved in the sale of 80,000 BTC,” said Mononaunt Pseudonymous Bitcoin Mononau.
After the disclosure, blockchain investigators traced the coins to addresses related to Mybitcoin, one of the first Bitcoin portfolio services. The platform closed in 2011 after a notorious hacking, leaving many parts that are not recorded.
The CEO of cryptochus Ki Young Ju noted that the portfolios have been in sleep since April 2011, just before the collapse of the platform. This fueled speculation on the identity of the seller.
“It probably belongs to the anonymous pirate or founder known as Tom Williams. It seems that Galaxy Digital bought #bitcoin, but I do not know if they have done legal medicine,” added Ju.
Meanwhile, market analysts also questioned the strategy behind the unloading of such a large amount in a single transaction.
Eric Balchunas de Bloomberg suggested that the scale of the sale of Bitcoin would have caused a significant shift. He added that the emergency behind the move had raised important questions about the seller’s reason.
“Have they lost the faith as badly as they want to withdraw as quickly money so quickly? Unless they plan to buy the Lakers in cash, it seems strange / even concerning,” questioned Bachunas.
However, Eliezer Ndonga of 21Shares suggested that if Galaxy facilitated the transaction, she probably made rigorous KYC checks, reducing the chances that the seller is an unidentified poor actor.
“It is a behavior similar to a pirate, but if this amount was treated by Galaxy, I assumed that they had a rigorous KYC process to allow the transaction to go by,” said Ndonga.
Other market observers have greeted the rapid recovery of Bitcoin from the sale. They noted that the rebound reflects its growing maturity as a class of independent assets.
At the time of the press, BTC is negotiated above $ 117,000, a remarkable turnaround for a digital active ingredient which had fallen to a hollow of several weeks of $ 115,000 in the middle of the sale.
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