A long-dormant Bitcoin investor has finished moving a total of about 80,200 BTC—worth roughly $9.6 billion at recent prices—into an address linked to Mike Novogratz’s Galaxy Digital, according to on-chain data flagged by Whale Alert and other blockchain trackers. The last tranche of 40,191 BTC was transferred overnight, completing a series of transactions that began earlier this week. The coins were originally acquired 14 years ago for an estimated $54,000, giving the holder a gain of more than 7,000-fold. The transfers, executed at an average outgoing price of about $118,800 per coin, suggest the owner may be preparing to liquidate the position through Galaxy Digital’s over-the-counter trading desk, though no sale has been confirmed. The whale activity underscores a pickup in large-volume Bitcoin movements. Separately on Friday, around 800 BTC valued at about $96 million moved from an unidentified wallet to Coinbase. While sizable transfers can jolt sentiment, Bitcoin prices were little changed in early trading.