financetom
Business
financetom
/
Business
/
Galaxy Digital Edging Up In US After Hours As Executes Sale of Over 80,000 Bitcoin
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Galaxy Digital Edging Up In US After Hours As Executes Sale of Over 80,000 Bitcoin
Jul 25, 2025 10:39 PM

04:46 PM EDT, 07/25/2025 (MT Newswires) -- Galaxy Digital ( GLXY ) said Friday afternoon that it completed the sale of more than 80,000 bitcoin, valued at over $9 billion based on current market prices. The company said the deal, carried out for a Satoshi-era investor, is one of the largest-ever bitcoin sales, "representing one of the earliest and most significant exits from the digital asset market."

The transaction was part of the investor's broader estate planning strategy, the company added.

GLXY was down more than 3% on the TSX today.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Exclusive-Aerospace industry scrambles to deal with fallout from huge US factory fire
Exclusive-Aerospace industry scrambles to deal with fallout from huge US factory fire
Feb 27, 2025
(Reuters) - Boeing and other top aerospace firms are scouring their supply chains to determine their exposure to a major fire last week at a Philadelphia-area parts factory that has set off alarm bells across the industry, people familiar with the matter said. The days-long fire at SPS Technologies' century-old factory could put pressure on the industry's already strapped supply...
HP beats quarterly revenue estimates on steady PC market recovery
HP beats quarterly revenue estimates on steady PC market recovery
Feb 27, 2025
Feb 27 (Reuters) - HP Inc ( HPQ ) beat Wall Street estimates for first-quarter revenue on Thursday, driven by strength in its personal systems segment and growing demand for artificial intelligence-capable systems. PC market growth is expected to accelerate this year as the Windows 10 end-of-support deadline in October pushes hundreds of millions of PC users to refresh their...
Mosaic misses fourth-quarter profit estimates on lower sales, prices
Mosaic misses fourth-quarter profit estimates on lower sales, prices
Feb 27, 2025
Feb 27 (Reuters) - Fertilizer producer Mosaic missed Wall Street expectations for fourth-quarter profit on Thursday, hurt by lower potash prices and sales. Crop prices, including those of soybean, wheat and corn, have been falling over recent quarters due to oversupply and weakening demand, forcing farmers to curtail spending, impacting firms such as Mosaic. The company's quarterly net sales volume...
More lawyers join the $3,000-an-hour club, as other firms close in
More lawyers join the $3,000-an-hour club, as other firms close in
Feb 27, 2025
* Plus: Tesla pays plaintiffs' lawyers $176 million in Musk case * More Trump nominees disclose law firm pay (Updates headline, adds new details in paragraphs 2 and 3) By David Thomas and Mike Scarcella Feb 27 (Reuters) - (Billable Hours is Reuters' weekly report on lawyers and money. Please send tips or suggestions to [email protected]) Some top partners at...
Copyright 2023-2026 - www.financetom.com All Rights Reserved