New Satoshi transfer moves billions worth of Bitcoin to platform – crash incoming?

Galaxy Digital’s announcement that it has just received a new transfer of approximately 40,000 Bitcoins, all purchased during the so-called “Satoshi” era (between 2011 and 2013), has analysts extremely worried. This means that an anonymous investor was smart enough to wait more than 12 years before transferring the Bitcoins to a platform where he could cash them out (if he chooses to do so, of course).

Genesis

No idea what will happen to the Bitcoin price if this anonymous Whale (who has already moved over $10 billion worth of Bitcoins in recent weeks) decides to cash out, but it can’t be good.

The Bitcoin OG with 80,009 $BTC($9.46B) transferred the remaining 40,192 $BTC($4.77B) to #GalaxyDigital in the past 3 hours.https://t.co/wU54scRJn8 pic.twitter.com/irBREdBiCK

— Lookonchain (@lookonchain) July 18, 2025

Legend has it that Satoshi Nakamoto, the anonymous inventor of Bitcoin, owns the first 1.1 million Bitcoins. These coins, which came after the “genesis block,” were naturally mined for pennies per Bitcoin. In the years that followed, the price of the most famous digital currency did indeed rise, but it wasn’t until 2014 or 2015 that we were talking about a thousand dollars per coin.

So, if the anonymous Satoshi (let’s assume it’s him) were to finally decide to cash out, it would be the equivalent of BlackRock selling all the Bitcoins it had bought since 2024 at once. A price crash would normally always follow.