Galaxy Digital sells 5,153 Bitcoin in massive transfer, leaving 15,902 remaining.
ByAinvest
Friday, Jul 25, 2025 2:25 am ET1min read
BTC--
According to on-chain data tracked by Lookonchain, the 5,153 BTC sold off by Galaxy Digital includes 3,313 BTC deposited into a centralized exchange (CEX) and the remaining 1,840 BTC transferred to a new address with unknown ownership. The company now holds only 15,902 BTC, a significant reduction from its previous holdings [1].
The sell-off comes after Galaxy Digital received over 80,000 Bitcoin from a Satoshi-era whale who had not accessed the funds for 14 years. The dormant Bitcoin addresses were reactivated earlier this month, coinciding with Bitcoin's all-time highs above $122,000 [1].
The market reaction to Galaxy Digital's sell-off has been swift and substantial. Bitcoin's price has seen a sharp decline, dropping to an intraday low of $115,125, the lowest level since July 10. This sell-off has put additional pressure on Bitcoin bulls, contributing to the coin's ongoing struggle to recover [2].
Galaxy Digital's strategic partnership with K Wave Media, announced earlier this week, may have played a role in the company's decision to sell off its Bitcoin holdings. Under the deal, Galaxy will serve as an asset manager and strategic advisor to K Wave as it ramps up its Bitcoin treasury strategy. This partnership could have influenced Galaxy's liquidation strategy [3].
In summary, Galaxy Digital's massive Bitcoin sell-off has had a significant impact on the market. The company's actions have led to a sharp decline in Bitcoin's price and have raised questions about the future of institutional involvement in the cryptocurrency space. As the market continues to digest this news, investors and financial professionals will be closely watching for any further developments.
References:
[1] https://cryptobriefing.com/galaxy-digital-bitcoin-transfer/
[2] https://u.today/bitcoin-plunges-as-galaxy-digital-deposits-15-billion-worth-of-btc-to-exchanges
[3] https://beincrypto.com/key-us-crypto-stock-to-watch-today/
GLXY--
KWM--
Galaxy Digital has sold off almost all of its Bitcoin holdings, transferring 5,153 BTC (worth $5.96 billion) in the past 50 minutes. Of this, 3,313 BTC ($3.83 billion) was deposited into a centralized exchange (CEX), while the remaining BTC was transferred to a new address with unknown ownership. The company now holds only 15,902 BTC.
Galaxy Digital, a prominent player in the digital asset space, has made significant moves in the Bitcoin market. Over the past 50 minutes, the company has sold off approximately 5,153 BTC, valued at around $5.96 billion. This substantial sell-off has sent shockwaves through the market, impacting Bitcoin's price and the broader cryptocurrency ecosystem.According to on-chain data tracked by Lookonchain, the 5,153 BTC sold off by Galaxy Digital includes 3,313 BTC deposited into a centralized exchange (CEX) and the remaining 1,840 BTC transferred to a new address with unknown ownership. The company now holds only 15,902 BTC, a significant reduction from its previous holdings [1].
The sell-off comes after Galaxy Digital received over 80,000 Bitcoin from a Satoshi-era whale who had not accessed the funds for 14 years. The dormant Bitcoin addresses were reactivated earlier this month, coinciding with Bitcoin's all-time highs above $122,000 [1].
The market reaction to Galaxy Digital's sell-off has been swift and substantial. Bitcoin's price has seen a sharp decline, dropping to an intraday low of $115,125, the lowest level since July 10. This sell-off has put additional pressure on Bitcoin bulls, contributing to the coin's ongoing struggle to recover [2].
Galaxy Digital's strategic partnership with K Wave Media, announced earlier this week, may have played a role in the company's decision to sell off its Bitcoin holdings. Under the deal, Galaxy will serve as an asset manager and strategic advisor to K Wave as it ramps up its Bitcoin treasury strategy. This partnership could have influenced Galaxy's liquidation strategy [3].
In summary, Galaxy Digital's massive Bitcoin sell-off has had a significant impact on the market. The company's actions have led to a sharp decline in Bitcoin's price and have raised questions about the future of institutional involvement in the cryptocurrency space. As the market continues to digest this news, investors and financial professionals will be closely watching for any further developments.
References:
[1] https://cryptobriefing.com/galaxy-digital-bitcoin-transfer/
[2] https://u.today/bitcoin-plunges-as-galaxy-digital-deposits-15-billion-worth-of-btc-to-exchanges
[3] https://beincrypto.com/key-us-crypto-stock-to-watch-today/
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.
AInvest
PRO
AInvest
PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context.
Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue
Comments
No comments yet