A Satoshi-era crypto whale has shifted the second pile of 40,192 Bitcoin, worth $4.77 billion, to Galaxy Digital, completing a $9.54 billion offload over three days . This move follows a previous transfer of 40,009 BTC to the same asset manager on Tuesday .
The whale, whose wallet had been inactive for 14 years, had initially transferred approximately 80,000 BTC (worth $9.5 billion) on July 4, splitting the funds into eight new addresses in batches of 10,000 BTC each . According to Lookonchain, the movement of funds could signal additional sales . Galaxy Digital's OTC desk allows large holders to offload bitcoin privately, minimizing market disruption .
The identity of the whale remains unknown, with speculation ranging from early bitcoin figures like Roger Ver to Satoshi Nakamoto or institutional actors . Coinbase Director Conor Grogan suggested the entity is likely an early miner from the 2011 era, when the block subsidy was 50 BTC per block .
The whale had eight wallets, the first two of which received 20,000 in Bitcoin on April 2, 2011, at the time when Bitcoin was worth $0.78 . Another six wallets belonging to the whale have been holding 60,009 Bitcoin since May 4, 2011, when Bitcoin was trading for $3.37 .
Moves of this kind are closely watched by traders as they signal institutional flows or major market moves .