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Galaxy Digital has been quick to keep off against the narrative that an enormous Bitcoin trade the corporate conducted was as a result of fears about quantum computers.
The massive trading reportedly occurred, but the corporate'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 research, the trade – which was made on behalf of a wealthy client – was not about Bitcoin's resilience to future quantum attacks.
At the identical time, the corporate released its quarterly results, which showed a net lack of $482 million within the fourth quarter of 2025 and a lack of $241 million for the complete yr 2025.
These numbers, coupled with the big trading, led to a rumor that spread across crypto channels and social feeds.
Hoo buddy. To translate what @novogratz is saying here (about $GLXY gains, call this AM): The $9 billion block trade that Galaxy did last quarter was for somebody who was 1) early/wealthy (clearly), 2) smart, 3) quite concerned about $BTC's quantum resistance https://t.co/kooKJyjB1s pic.twitter.com/iUsu1pvM17
— Kellan Grenier (@kellangrenier) February 3, 2026
Market timing and headlines
Around the identical time, Bitcoin briefly slipped below $75,000, and this price movement added fuel to the discussion. Some people linked the whale sell-off to an emerging technical threat.
Some market commentators reportedly pointed to quantum computing as a reason for selling. However, many experts disagreed, arguing that the timeline for a quantum machine that would crack Bitcoin's cryptography is long.
Quantum isn’t the explanation why the whale was sold
Novo didn’t connect the 2. He said that is one in all the explanations people claim BTC weakness, but he disagrees with it (this becomes clear if you read the complete transcript).
He then clarified on Bloomberg that quantum isn’t the explanation for BTC weakness https://t.co/pxvqOvsTZZ pic.twitter.com/JT5Qi0PXI4
— Alex Thorn (@intangiblecoins) February 3, 2026
Adam Back, a long-standing voice in the sector, has argued that a big quantum threat remains to be a long time away and isn’t a short-term event.
Ethereum co-founder Vitalik Buterin agreed that blockchains could adopt stronger signatures long before widespread risk materializes.
Andreas Antonopoulos, a widely known Bitcoin educator and creator, has emphasized that if quantum computers ever became so powerful, many global systems would already be affected, not only crypto.
BIP-360 and the community response
A defensive move has emerged throughout the ecosystem: Backers and a few fund managers have promoted BIP-360, a proposal that will add a post-quantum signature option for vulnerable Bitcoin addresses.
BTCUSD is currently trading at $74,927. Chart: TradingView
Such measures reportedly reflect planning, not panic. They show that developers and stakeholders are discussing options and preparing possible upgrades. This planning is a component of normal risk management in a system that values ​​longevity.
Reasons for trading may be mixed
Large owners sell for a lot of reasons: tax planning, portfolio rebalancing, liquidity needs or strategic hedging. It's rare for a single reason – particularly speculative technology fear – to clarify a trade of this magnitude without other confirmatory signals.
Galaxy's denial makes the quantum perspective seem like a post hoc story that fills a spot in an already nervous market.
Featured image from Unsplash, chart from TradingView
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