π΄ #URGENT | Traffic is backed up on several Hawaiian arteries as the island is under alert for fear of being hit by a violent tsunami triggered by the massive earthquake in Russia.
GalaxyDigital has moved 30,000 #BTC worth approximately $3.9 billion to exchanges, likely with the intention of selling them.
- A few hours ago, they sold 10,000 BTC worth $1.18 billion.
- They still hold 11.5K BTC unsold.
- The whales sell through Galaxy Digital because it is a firm specializing in institutional trading that facilitates the sale of large volumes of Bitcoin through OTC (over-the-counter) transactions. This allows transactions to be executed outside the open market to avoid sudden price movements, maintain seller confidentiality, comply with financial regulations, and ensure more efficient, secure, and strategic execution for clients such as funds, whales, or custodians of old crypto capital.
BREAKING NEWS π¨ | Adam Back's @Blockstream new company, to which he himself contributed 30,000 BTC to its treasury, ranks fourth among companies with the largest amount of Bitcoin in its reserves.
