Whale’s $9B Bitcoin sale was not due to quantum concerns: Galaxy Digital
The firm addressed speculation that a multibillion-dollar client trade was motivated by concerns over Bitcoin’s resistance to future quantum computing advances.
Galaxy Digital denied that a $9 billion Bitcoin sale by one of its clients was linked to quantum computing risks, countering speculation after its earnings call.
Following the company’s earnings call, crypto community members pointed to a $9 billion Bitcoin (BTC) sale by one of Galaxy’s wealthy customers who was ”fairly concerned about BTC quantum resistance.”
Alex Thorn, Galaxy’s head of research, said in a Tuesday X post that the $9 billion trade executed on behalf of its client was not due to Bitcoin-related quantum computing concerns.
