Categories: Crypto

Galaxy Digital sends over 10,000 Bitcoin from Satoshi-era stash to exchanges


Key Takeaways

  • Galaxy Digital transferred over 10,000 BTC, worth about $1.2 billion, to exchanges within 8 hours.
  • The BTC originated from a Satoshi-era whale’s address reactivated after 14 years of dormancy.

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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.

https://twitter.com/lookonchain/status/1948596074849206467?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener noreferrer

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.

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Adam Forsyth

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Adam Forsyth

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