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Galaxy Digital sends over 10,000 Bitcoin from Satoshi-era stash to exchanges
Bitcoin fell from over $119,000 to below $116,000 following a major transfer.
Galaxy Digital moved more than 10,000 Bitcoin, valued at approximately $1.2 billion, to crypto exchanges over the last 8 hours, according to on-chain data tracked by Lookonchain.
Note that #GalaxyDigital has deposited over 10,000 $BTC($1.18B) to exchanges in the past 8 hours!
The 10,000+ $BTC comes from the Bitcoin OG holding 80,009 $BTC($9.68B).https://t.co/qaSj0NKwmD pic.twitter.com/09XEqB6VGg
— Lookonchain (@lookonchain) July 25, 2025
The transfer 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, initiating the movement of all coins during a period when Bitcoin reached new all-time highs above $122,000.
Bitcoin’s price declined from above $119,000 to below $116,000 late Thursday, CoinGecko data shows.
The digital asset is currently trading at around $115,800, representing a 2% decrease over the past 24 hours.