Bitcoin News Today: Bitcoin Whale Moves $4.8 Billion to Galaxy Digital After 14-Year Hiatus

Generated by AI AgentCoin World
Friday, Jul 18, 2025 12:41 am ET1min read
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Aime RobotAime Summary

- A legendary Bitcoin whale transferred 40,191.5 BTC ($4.8B) to Galaxy Digital after 14 years of inactivity, signaling a potential large-scale sale.

- The wallet, linked to a 2011 miner, previously moved 80,000 BTC ($9.6B) in July, consolidating holdings before routing assets to Galaxy’s custody.

- Speculation about the whale’s identity (Roger Ver, Satoshi Nakamoto) persists, though experts suggest it’s likely an early miner from Bitcoin’s 50-BTC-block era.

- Galaxy’s OTC desk, offering liquidity and privacy, is seen as a strategic route for large-volume sales, with Bitcoin’s $123,000 price surge potentially influencing timing.

- Analysts monitor Galaxy’s wallet for liquidation signs, as massive movements often raise concerns about market sell pressure and price stability.

A legendary Bitcoin whale has once again stirred the crypto world. After remaining inactive for 14 years, the OG whale has transferred 40,191.5 BTC, valued at over $4.8 billion, to

Galaxy Digital
. This move appears to be a strategic step towards a large-scale sale.

According to on-chain analytics platform Arkham Intelligence, the wallet address “bc1qs…f4au0” initiated 15 separate transactions starting Thursday evening, consolidating its holdings before sending the full amount to Galaxy Digital’s custody.

This event marks the latest phase in a remarkable reactivation of a Bitcoin address believed to belong to an early miner from 2011. On July 4, the whale first moved 80,000 BTC ($9.6 billion), originally mined when Bitcoin was valued at $0.78—now up over 15.4 million percent.

Those BTC holdings were initially distributed to eight different addresses in 10,000 BTC batches. Later, they were reassembled and partially routed to Galaxy Digital, a financial services firm known for its Over-The-Counter (OTC) crypto services. Galaxy's wallet (bc1q0…pqesl) currently holds over 40,288 BTC and has previously transferred assets to exchanges like Bitstamp, Coinbase, and Gemini.

The whale’s identity remains unknown, but theories abound. Some speculate it could be Roger Ver, a known Bitcoin Cash advocate, while others dare to suggest a connection to Satoshi Nakamoto himself. However, Coinbase Director Conor Grogan downplayed these speculations, saying it's likely an early miner from 2011—when Bitcoin’s block reward was 50 BTC and competition was minimal.

Galaxy Digital’s OTC desk offers deep liquidity and privacy, making it a popular route for crypto whales seeking to offload large volumes without affecting public exchange prices. Analysts believe the recent price spike in Bitcoin to over $123,000 may have motivated the timing of the sale.

The wallet has not moved funds since the transfer, but the receiving Galaxy address has interacted with major exchanges and unlabeled wallets, further indicating preparatory activity for distribution.

While no sharp price corrections have occurred yet, large-scale movements like this often raise concerns over potential sell pressure. The community and analysts alike will be watching Galaxy’s wallet closely for signs of liquidation.

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