Whale’s Bitcoin Ballet: A $9.6 Billion Tango with Galaxy Digital 🐳💰

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Oh, what a spectacle we have here, my dears! A Bitcoin whale, one of the original denizens of the Satoshi era, has decided to make a grand entrance, shifting a rather impressive 40,192 Bitcoin, worth a staggering $4.77 billion, to the illustrious Galaxy Digital. This comes just days after a similar 40,009 BTC transfer, making it a total of 80,201 Bitcoin, or $9.6 billion, in the last four days. Quite the performance, wouldn’t you say? 🎉

Blockchain onchain data service Onchain Lens, ever the keen observer, was among the first to spot this latest transfer. It seems our whale has been quite the busy bee, also sending at least 6,000 Bitcoin to crypto exchanges Binance and Bybit, according to the ever-watchful Nansen. One can only wonder what’s on the menu for this aquatic financier. 🤔

Whale Could Be Securing “Jaw-Dropping Profits”

Lookonchain, the blockchain analytics service, first noticed our whale on July 4, when it began to stir after a 14-year slumber. The whale had amassed its Bitcoin in two grand deposits: 20,000 BTC on April 2, 2011, and 60,009 BTC on May 4, 2021. Quite the collector, wouldn’t you say?

Kadan Stadelmann, the ever-eloquent chief technology officer of Komodo Platform, shared his thoughts with CryptoMoon. “Nobody can say for sure what the whale’s motivation is, but it might be a splendid time to secure jaw-dropping profits,” he mused. “Perhaps the whale is seeking stability for their family or planning a new venture. Maybe they are funding off-grid projects that align with the self-reliance vision of Bitcoin. Or, they could be feeling a bit ambivalent about Bitcoin’s increasing institutional adoption, regulatory pressures, and integration into the traditional financial system, given the original crypto-anarchist ethos.”

Bitcoin, in its ever-charming way, crossed just over $122,000 on Monday, reaching a new all-time high and making the whale’s full stack of Bitcoin worth over $9.7 billion at the time. Quite the fortune, indeed! 💰

Bitcoin Might Not Be Sold

Some have speculated that the whale’s deposits to Galaxy Digital might signal a sell-off. However, Stadelmann suggests that this isn’t necessarily the case. “The whale could be doing some housekeeping toward a more secure wallet strategy, or rethinking how they hodl. They might be investing in a new Bitcoin venture, leveraging their BTC to do so, or using Galaxy as an intermediary to distribute BTC to smaller wallets.”

Pseudonymous crypto trader Marty Party, ever the sage, opined on X that Galaxy Digital might have bought the Bitcoin. “IMO: They bought all 80k, sold some, and will hold some, and use the proceeds to benefit their businesses. Well played. The 80k is off the market,” he declared. Quite the strategic move, wouldn’t you say? 🤝

Largest Bitcoin Hodler 11th Richest in the World

And while we’re on the subject of Bitcoin’s elite, let’s not forget the granddaddy of them all: Bitcoin’s creator, Satoshi Nakamoto. After Bitcoin tapped $120,000 on Sunday, Satoshi became the 11th richest person in the world. Believed to hold 1.096 million Bitcoin across thousands of wallets, worth over $131 billion, Satoshi now finds themselves number 11 on Forbes’ richest billionaires list. Quite the achievement, wouldn’t you say? 🌟

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2025-07-18 08:55