Galaxy Digital Denies Quantum Computer Fears as Motive for $9 Billion Bitcoin Sale

Galaxy Digital finds itself compelled to correct misunderstandings following an interview with CEO Mike Novogratz. At the center is a Bitcoin sale of more than 80,000 BTC worth approximately $9 billion USD, which the company executed for an early investor in summer 2025 ^[1].

Novogratz's statements were interpreted by some observers as suggesting that concerns regarding quantum computing risks played a role in the sale decision. However, Alex Thorn, Head of Research at Galaxy Digital, rejected this characterization. The sale was rather part of a more comprehensive wealth and estate planning strategy – as already communicated at the time of the transaction ^[1].

The debate demonstrates how prominently the topic of quantum computing has entered the consciousness of crypto investors in recent months. Bitcoin's signatures are based on elliptic curve cryptography, which would theoretically be vulnerable to sufficiently powerful quantum computers. Experts like Nic Carter warn about the issue, while others emphasize that such a breakthrough is not imminent in the short term and that the protocol could in principle be converted to quantum-resistant methods ^[1].