Galaxy Digital has refuted the idea that a client’s $9 billion Bitcoin sale was motivated by concerns about quantum computing. This statement follows comments made after its earnings call, during which community members noted that the sale, executed on behalf of a wealthy customer, raised fears about Bitcoin’s vulnerability to quantum threats.

Alex Thorn, the head of research at Galaxy, posted on X (formerly Twitter) clarifying that the large transaction was not due to apprehensions regarding Bitcoin’s quantum resistance.
Source: Alex Thorn

Additionally, Galaxy Digital announced a net loss of $482 million for the fourth quarter of 2025 and a total loss of $241 million for that year in the quarterly report released on Tuesday.

The potential impact of quantum computing on Bitcoin has been a long-lasting concern among cryptographers. Recently, Christopher Wood, from investment bank Jefferies, removed his Bitcoin allocation from portfolios, citing worry over advancements in quantum technology. Meanwhile, Adam Back, CEO of Blockstream, believes such advancements remain decades away from posing a genuine threat to Bitcoin’s security.

As Bitcoin price briefly dropped below $74,000 in response to recent market events, Galaxy CEO Mike Novogratz remarked to Bloomberg that the market may soon hit its bottom. He also mentioned that the progress on a US market structure bill, known as the CLARITY Act, could be significant for the recovery of the cryptocurrency sector.