Galaxy Digital was quick to push back on the story that the large scale of Bitcoin transactions it processed was driven by fears of quantum computers.
Although the report said large transactions occurred, company researchers made it clear that the motivation was not a sudden tech panic.
Galaxy rejects quantum synchronization
According to Alex Thorn, head of research at Galaxy, the transactions executed on behalf of wealthy clients are not about Bitcoin’s resistance to future quantum attacks.
The company simultaneously released quarterly figures, showing a net loss of $482 million for the fourth quarter of 2025 and a loss of $241 million for full year 2025.
These numbers, combined with the large volume of transactions, created a buzz that was rippled through cryptocurrency channels and social feeds.
Hey buddy. What to translate @novogratz I’m talking here (via $GLXY Revenue is called AM): The $9 billion block deal Galaxy did last quarter was for someone 1) early/rich (obviously), 2) smart, and 3) quite concerned. $BTC Quantum Resistance https://t.co/kooKJyjB1s pic.twitter.com/iUsu1pvM17
— Kellan Grenier (@kellangrenier) February 3, 2026
Market Timing and Headlines
Bitcoin briefly fell below $75,000 around the same time, and that price action only amplified the chatter. Some have linked the whale sale to new technological threats.
According to the report, a few market commentators pointed to quantum computing as a reason for the sell-off. However, many experts pushed back, arguing that the development timeline for a quantum machine that could break Bitcoin’s encryption is long.
Quantum is not why the whale was sold
novo did not connect the two. He said this is one of the reasons people claim BTC is weak, but he disagrees (this is clear if you read the entire article).
He then stated on Bloomberg that quantum is not the reason for BTC weakness https://t.co/pxvqOvsTZZ pic.twitter.com/JT5Qi0PXI4
— Alex Thorne (@intangiblecoins) February 3, 2026
Adam Back, a long-time space voice, has argued that meaningful quantum threats are decades away, not near-term events.
Ethereum co-founder Vitalik Buterin agreed that the blockchain could adopt stronger signatures long before widespread risks materialize.
Andreas Antonopoulos, a renowned Bitcoin educator and author, emphasized that if quantum computers become that powerful, many global systems, not just cryptocurrencies, will already be affected.
BIP-360 and community response
Defense measures emerged within the ecosystem. Advocates and some fund managers have been promoting BIP-360, a proposal to add a post-quantum signature option to vulnerable Bitcoin addresses.
According to the report, these actions reflect planning, not panic. This shows that developers and stakeholders are discussing options and preparing for possible upgrades. Such planning is part of general risk management in systems that value longevity.
Reasons for trading can be mixed
Large holders sell for a variety of motivations, including tax planning, portfolio rebalancing, liquidity needs, or strategic hedging. Rarely does a single rationale, especially speculative technical fear, explain a trade of this magnitude without other confirming signals.
Galaxy’s rejection makes the quantum angle seem like an afterthought that filled a void in an already anxious market.
Featured image from Unsplash, chart from TradingView
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