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Started By
Message
Someone sold 80K Bitcoin for $9.6B they bought in 2011 for $54K
Posted on 7/18/25 at 4:07 pm
Posted on 7/18/25 at 4:07 pm
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The whale is an anonymous early Bitcoin holder from 2011, known as a "Satoshi-era" entity. They transferred ~80,000 BTC (worth ~$9.6B) to Galaxy Digital for likely OTC sale. No public identity; the wallet had been dormant for 14 years.
quote:
Yes, if cashing out to USD via Galaxy Digital's OTC desk, the whale must undergo KYC/AML checks to comply with US regulations, revealing their identity to Galaxy—though it remains publicly anonymous.
31
Posted on 7/18/25 at 4:08 pm to stout
In before Wiki
Posted on 7/18/25 at 4:10 pm to stout
i call bullshite. maybe a dolphin but not a whale.
Posted on 7/18/25 at 4:11 pm to stout
Why would anyone sell BTC for USD when BTC is so useful for daily transactions and the USD is just fiat trash?
Posted on 7/18/25 at 4:14 pm to schexyoung
Posted on 7/18/25 at 4:16 pm to stout
I think i would have only sold half my BTC holdings
Unless that guy knows something is coming…
Unless that guy knows something is coming…
Posted on 7/18/25 at 4:17 pm to schexyoung
quote:
Why would anyone sell BTC for USD when BTC is so useful for daily transactions and the USD is just fiat trash?
Because cash is king
Posted on 7/18/25 at 4:18 pm to stout
I wish someone could explain to me exactly how BTC is valued considering there is nothing but interwebs behind it.
Posted on 7/18/25 at 4:18 pm to schexyoung
quote:
sell BTC for USD when BTC is so useful for daily transactions and the USD is just fiat trash?
Because pigs get fat and hogs get slaughtered
Posted on 7/18/25 at 4:18 pm to Cosmo
The difference between this dude buying in 2011 and forgetting it for 14 years, and me buying in 2017 and trying to day trade it for a couple, is about 9.6 billion dollars.
Posted on 7/18/25 at 4:22 pm to stout
please take down my bitcoin transaction screenshot.
Posted on 7/18/25 at 4:28 pm to idlewatcher
quote:
I wish someone could explain to me exactly how BTC is valued considering there is nothing but interwebs behind it.
There is nothing behind the US dollar besides faith that it has value.
Why is a $20 bill worth more than a $5 bill? They are the same size and material.
Posted on 7/18/25 at 4:29 pm to weagle1999
Can someone give me the next bitcoin? K thx
Posted on 7/18/25 at 4:33 pm to weagle1999
Ok can I exchange all my $5 bills for your $20 bills? Thanks.
Posted on 7/18/25 at 4:33 pm to stout
Because hookers and drug dealers don't take Bitcoin and I wanted to party
Posted on 7/18/25 at 4:36 pm to Cosmo
quote:
I think i would have only sold half my BTC holdings
Do we know he doesn’t have anymore BTC?
Posted on 7/18/25 at 4:38 pm to stout
No way in hell i would have held out until its value was 9.6B. I would have blown my load at 10mil.
Posted on 7/18/25 at 4:39 pm to Oates Mustache
quote:
Can someone give me the next bitcoin? K thx
Bitcoin
Posted on 7/18/25 at 4:41 pm to schexyoung
quote:
Why would anyone sell BTC for USD when BTC is so useful for daily transactions and the USD is just fiat trash?
Because he is going to buy GOLD with it.
Posted on 7/18/25 at 4:42 pm to weagle1999
quote:
There is nothing behind the US dollar besides faith that it has value.
It’s backed by the United States military and treasury.
What military backs bitcoin?
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