Galaxy Digital recently took steps to dispel significant market speculation, clarifying that a substantial USD 9 billion Bitcoin sale by one of its clients was not driven by fears surrounding quantum computing. This came after the company's financial results prompted a wave of conjecture within the crypto community regarding potential vulnerabilities to future technological advancements.
Galaxy Digital Clarifies Major Bitcoin Sale
Following the release of Galaxy Digital's financial report, which revealed a net loss of USD 482 million in Q4 2025 and USD 241 million for the full year, a large client's USD 9 billion Bitcoin sale sparked intense speculation. Rumors suggested the client was "quite concerned about BTC's quantum resistance." However, Alex Thorn, Galaxy's Director of Research, publicly confirmed that the transaction was unrelated to quantum computing fears, directly addressing and refuting the market's theories.
The Enduring Debate: Quantum Computing and Bitcoin
Despite Galaxy Digital's clarification, the potential impact of quantum computing on Bitcoin's cryptographic security remains a significant concern for cryptographers and asset managers alike. This apprehension led figures like Jefferies investment strategist Christopher Wood to reportedly withdraw his Bitcoin allocation recommendation from portfolios. Conversely, industry leaders such as Blockstream CEO Adam Back have downplayed immediate threats, estimating a 20 to 40-year timeframe before quantum computing poses a real danger to Bitcoin. To proactively address these perceived future risks, a movement is growing to promote Bitcoin Improvement Proposal (BIP-360), which aims to introduce post-quantum signature options for potentially vulnerable Bitcoin addresses.
Market Resilience and Regulatory Horizons
The context of Galaxy Digital's financial performance and the large client sale occurred amidst broader market volatility, with Bitcoin briefly dipping below USD 74,000. Yet, Galaxy CEO Mike Novogratz offered an optimistic outlook, suggesting the cryptocurrency market is nearing its bottom. He highlighted the ongoing progress of the CLARITY Act, a proposed U.S. market structure law, as a crucial potential catalyst for recovery. This legislation aims to provide clear regulatory boundaries between the SEC and CFTC for crypto assets, addressing key areas like stablecoins, tokenized securities, and decentralized finance, and is seen as fundamental to fostering a more stable and predictable crypto ecosystem.
