$9 Billion Bitcoin Dump Sparks Talk, But Galaxy Digital Dismisses Quantum Link
Galaxy Digital moved rapidly to push again on a story {that a} huge Bitcoin commerce it dealt with was pushed by fears about quantum computer systems.
Reports say the huge commerce occurred, however the agency’s researchers made it clear that the motive was not a sudden technological panic.
Galaxy Denies Quantum Motive
According to Alex Thorn, Galaxy’s head of analysis, the commerce—executed on behalf of a rich consumer—was not about Bitcoin’s resistance to future quantum attacks.
The agency launched its quarterly figures on the similar time, exhibiting a internet lack of $482 million within the fourth quarter of 2025 and a $241 million loss for 2025 general.
Those numbers, paired with the big commerce, fed a rumor that rippled via crypto channels and social feeds.
Hooo buddy. To translate what @novogratz is saying right here (through $GLXY earnings name this AM): The $9B block commerce Galaxy did final quarter was for somebody 1) early/wealthy (clearly), 2) sensible, 3) pretty involved about $BTC Quantum Resistance https://t.co/kooKJyjB1s pic.twitter.com/iUsu1pvM17
— Kellan Grenier (@kellangrenier) February 3, 2026
Market Timing And Headlines
Bitcoin briefly slipped under $75,000 across the similar time, and that worth transfer magnified chatter. Some individuals linked the whale sell-off to an rising tech menace.
Reports say a handful of market commentators pointed to quantum computing as the explanation for the promote. But many consultants pushed again, arguing that the timeline for a quantum machine able to breaking Bitcoin’s cryptography is lengthy.
quantum isn’t why the whale bought
novo didn’t join the 2. he stated it was one cause ppl are claiming for btc weak point, however he disagrees with that (that is clear when you learn the total transcript)
he then clarified on bloomberg that quantum isn’t the explanation for btc weak point https://t.co/pxvqOvsTZZ pic.twitter.com/JT5Qi0PXI4
— Alex Thorn (@intangiblecoins) February 3, 2026
Adam Back, a long-standing voice within the house, has argued {that a} significant quantum menace is a long time away, not a near-term occasion.
Vitalik Buterin, Ethereum co-founder, agreed that blockchains may undertake stronger signatures nicely earlier than any widespread danger materializes.
Andreas Antonopoulos, a widely known Bitcoin educator and writer, has emphasised that if quantum computer systems ever grew to become that highly effective, many international programs would already be affected, not solely crypto.
BIP-360 And The Community Response
A defensive step has emerged contained in the ecosystem: supporters and a few fund managers have been selling BIP-360, a proposal that might add a post-quantum signature possibility for weak Bitcoin addresses.
Reports observe that such measures mirror planning, not panic. They present that builders and stakeholders are discussing choices and getting ready doable upgrades. That planning is a part of regular danger administration in a system that values longevity.
Trading Reasons Can Be Mixed
Large holders promote for a lot of motives: tax planning, portfolio rebalancing, liquidity wants, or strategic hedging. It is uncommon for a single rationale—particularly a speculative expertise concern—to clarify a commerce of this measurement with out different corroborating indicators.
The denial from Galaxy makes the quantum angle seem like a post-hoc story that stuffed a spot in an already jittery market.
Featured picture from Unsplash, chart from TradingView
