A long-dormant Bitcoin whale, holding cryptocurrency from the Satoshi era, has completed a transfer of 40,192 Bitcoin (BTC), valued at approximately $4.77 billion, to asset manager Galaxy Digital. This latest move follows a previous transfer of 40,009 BTC to Galaxy Digital on Tuesday, bringing the whale’s total transfers to the firm over the past four days to 80,201 BTC, worth an estimated $9.6 billion at current prices.
The significant on-chain activity was first flagged by blockchain data service Onchain Lens. Data from blockchain intelligence platform Nansen also indicates that at least 6,000 BTC from these transfers were subsequently sent to major crypto exchanges Binance and Bybit, sparking speculation about potential sell-offs.
This whale first stirred on July 4, reactivating its holdings after 14 years of dormancy. Blockchain analytics service Lookonchain noted that the whale originally acquired a substantial portion of its Bitcoin in two deposits: 20,000 BTC on April 2, 2011, and 60,009 BTC on May 4, 2011.
The timing of these transfers coincides with Bitcoin’s recent surge, which saw it cross over $122,000 on Monday, reaching a new all-time high and pushing the whale’s full Bitcoin stack to over $9.7 billion in value.
In related news, Bitcoin’s creator, Satoshi Nakamoto, is theoretically now the 11th richest person in the world, with an estimated holding of 1.096 million Bitcoin across thousands of wallets, valued at over $131 billion following Bitcoin’s ascent to $120,000 on Sunday.
