The OG Bitcoin Whale with 80,009 BTC Worth $9.46B

Slowly but steadily, a diamond-handed Satoshi-era Bitcoin whale who recently awoke after years of dormancy has now moved all his 80,000 BTC to Galaxy Digital.

The crypto community applauded the Bitcoin whale in early July for his balls in holding BTC through multiple cycles. The whale purchased 80,009 BTC for a little above $217,000 in 2011, distributed them among eight wallets, and remained dormant for over 14 years.

Now, the Bitcoin whale has become a source of selling pressure for the premier crypto asset. Earlier, some thought it was just a reallocation of funds to new wallets. In addition, Coinbase’s head of product suggested it was possibly a hack, but now it is clear the whale means business about dumping his stash.