Who’s Been Selling All the Coins?
Oct 24, 2025
• 8
Min Read
Author
Token & Equity Portfolios
Old Whales & New Buyers
It seems like every other week, we are greeted with a headline along the lines of “Satoshi-era wallet moves $5B of BTC mined on a laptop back in 2011.”
Recall the whale back in July that sold 80,000 BTC (>$9B) through Galaxy. The market flinched on the news but eventually absorbed this supply like it was nothing.
And just yesterday, we received a notification that an old wallet holding 4,000 BTC (~$440 million at today’s price) t...