Satoshi-era whale moves nearly $5 billion worth of Bitcoin to Galaxy Digital

Satoshi-era whale moves nearly $5 billion worth of Bitcoin to Galaxy Digital

A giant movement in the cryptocurrency markets: the legendary bitcoin whale of the Satoshi Nakamoto era is actively moving its assets again. In recent days, blockchain analytics platforms have recorded transfers that may indicate strategic moves by one of the largest bitcoin holders in history.

The whale of over 80,000 BTC, which has been a holder since the cryptocurrency's inception, recently moved an additional 40,192 bitcoins worth approximately $4.77 billion into Galaxy Digital's management. This move followed a previous transfer of 40,009 BTC, which means that in total, over the past four days, this anonymous investor has moved more than 80,000 Bitcoins into management, with a current value of over $9.6 billion.

The recorded transfers were highlighted by Onchain Lens, a service that specializes in tracking blockchain data. According to analysts from the Nansen platform, at least 6,000 BTC were sent to crypto exchanges Binance and Bybit during this time, raising questions about a possible planned sell-off or other strategic moves.

Speculation about the whale's motivations

In an interview with Cointelegraph, Kadan Stadelmann, chief technology officer of the Komodo platform, suggested that the motivation behind these large shifts is unclear. "No one can say for sure what the whale is planning. They may have decided to secure profits after years of holding on," he explained. He said the move could also be part of a strategy to "secure jawboning," a term referring to realizing profits when significant price levels are reached.

Bitcoin has crossed the $122,000 mark again in recent days, hitting a new all-time high. This means that the value of the whale's current portfolio exceeds $9.7 billion. Stadelmann further speculates that the whale may intend to set aside some of its assets for stability or to fund new projects, such as in the area of self-sufficiency and off-grid technologies, which are in line with the vision of a decentralized and autonomous Bitcoin.

Sale risk or long-term holding?

Although some earlier moves have led to speculation of a possible sell-off, Stadelmann points out that this is not necessarily the case. Whale, for example, may just be "cleaning up" its wallets, moving BTC to safer repositories, or using Galaxy Digital as an intermediary to distribute smaller amounts to different wallets.

"It could be a strategy to better manage your assets or even to prepare for investment in new projects," the analyst adds. Social media posts, such as from pseudonymous trader Marty Party, suggest Galaxy Digital could even be buying Bitcoin, which could indicate an interest in long-term holdings.

Satoshi Nakamoto is the world's richest man?

Interestingly, the creator of Bitcoin, known as Satoshi Nakamoto, is estimated to be the 11th richest person in the world. He owns approximately 1.096 million Bitcoins, which at today's prices is worth over $131 billion. Although Nakamoto has remained anonymous, his wealth remains a mystery and represents significant capital on a global scale.

Conclusion

Whale's current movement is a clear signal that even more than 14 years after Bitcoin's inception, the cryptocurrency remains subject to strategic decisions by its largest holders. Whether it is to secure profits, prepare for new investments or just move assets to safer locations, this case shows once again how complex and dynamic the world of cryptocurrencies is and what secrets it still holds.

*This is not an investment recommendation.

The Coingarage team