Ah, what a spectacle it is, dear reader! A Bitcoin whale, that sagacious creature of the cryptographic depths, has decided to unleash its trove of coins—coins it had cradled for a staggering 14 years. This is not just any transaction; nay, it is a grand affair that echoes through the very corridors of financial history.
Galaxy Digital, that monolith of cryptocurrency wizardry, eagerly declares a job well done, having played the humble role of facilitator in what is dubbed “one of the largest notional bitcoin transactions in the annals of crypto.” But how quaint, isn’t it?
In mere numbers, this saga involves Bitcoin worth around $9.3 billion, a sum that would make even the most jaded moneylender furrow a brow.
Galaxy, with an air of nonchalance, proclaims,
“We completed the sale of over 80,000 bitcoin—valued at over $9 billion based on current market prices—for a Satoshi-era investor, representing one of the earliest and most significant exits from the digital asset market. The transaction was part of the investor’s broader estate planning strategy.”
So pragmatic! Estate planning, my friend? Why, who knew a mere series of ones and zeros would require such serious consideration!
In a tweet—if one can call such modern proclamations profound—CryptoQuant’s executive Ki Young Ju chimes in on the scandalous provenance of these coins. He reveals that the seller of this treasure hails from MyBitcoin, an exchange that was raising eyebrows long before most even knew Bitcoin existed. Ah, MyBitcoin! The one that vanished mysteriously, leaving dreams of riches in disarray, only to refund a paltry 49% of the losses to its forsaken patrons. A hack, they claimed! A hack! The cynosures of fate are cruel, are they not?
Ju laments,
“The recent transfer of 80,000 BTC, dormant for 14 years, came from wallets originally hosted by MyBitcoin. The wallets had been inactive since April 2011, before MyBitcoin collapsed in a hack that July. It likely belongs to the hacker or the enigmatic founder known as Tom Williams.”
Ah, but does it even matter? Perhaps Galaxy, in its astuteness, purchased these coins without engaging in any “forensic” pursuit. How delightfully careless!
And lo! During that fateful time of the hack, BTC was trading at a meager $13 a coin. Just think, dear reader—if this whale indeed sells at the current mark of $120,000, it would represent a return of about 922,976%! What a way to turn misfortune into a veritable goldmine, don’t you think? Ah, the rollercoaster of fate and fortune! 🎢💰
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2025-07-27 10:01