The Bit world has added another legendary large transaction. Galaxy Digital announced today that they assisted an early Bit investor from the "Satoshi Nakamoto era" in selling over 80,000 Bits, with a written amount of approximately 90 billion USD. This might have achieved the fastest turnover in the shortest time without causing significant market turbulence, and wishes the whale who sold Bits a warm embrace of USD.
90 Billion USD Large Transaction Revealed
According to the Galaxy Digital press release, this massive Bit transaction was simultaneously executed across multiple over-the-counter and spot channels, becoming a historic early investment and largest selling event in Bit history. Both buyer and seller remained anonymous. This one-time asset restructuring is part of a broader estate planning strategy.
This ancient whale began accumulating position since 2010, locked in for over 14 years, essentially cashing out "onshore" and making their identity even more intriguing. However, unlike previous market crashes due to whale sell-offs, this time the market only experienced brief fluctuations, symbolizing Bit's liquidity has reached a higher level.
How Does Galaxy Stabilize the Market?
Galaxy Digital stated they first placed the whale client's Bits in institutional-grade custody, then listed 80,000 BTC in stages across price ranges, introducing multiple exchanges and OTC pools. Although the total listing volume was nearly 10% of that day's chain trading volume, spot prices only momentarily dropped 3% to 4%, from around 118,000 USD to 115,000 USD, recovering above 117,000 USD within hours. The mild market reaction was primarily due to dispersed market sales, hidden order book pressure, and real-time tracking of flow through chain monitoring.
Blockchain analysis companies Arkham Intelligence and Lookonchain observed multiple long-dormant addresses first moving into Galaxy Digital's custody wallet, then directed to exchanges.
Whale Takes 90 Billion for 'Inheritance'
Bit ancient miners or early investors might be less concerned about price and more about whether their descendants can truly inherit crypto assets. This requires a process involving legal documents, tax design, multi-signature wallets, and beneficiary education. In this transaction, Bits were converted to traceable legal tender and deposited in a trust account, which indeed seems more convenient for inheritance planning compared to crypto assets.
90 billion USD would currently rank around 220th on the global personal wealth list. Bit has created a new wealthy individual and established a new milestone in asset transfer.
