TL;DR:
- Alex Thorn denied that a client’s $9 billion sale was due to fears of quantum computing.
- The firm reported a net loss of $482 million in Q4 2025 following its earnings report.
- Mike Novogratz suggests the market is near a bottom thanks to potential legislative progress.
Galaxy Digital addressed the ongoing speculation after a massive sell-off of assets was confirmed. The company clarified that the recent Bitcoin liquidation, valued at $9 billion, was not motivated by technological risks.
The company’s head of research, Alex Thorn, stated that fears regarding BTC’s quantum resistance were not the cause of this institutional operation. He added that they aim to calm the FUD generated on social media about the alleged current vulnerability of cryptography.
Despite the clarification, the news coincided with quarterly results showing financial challenges for the organization. At the close of 2025, the firm reported significant losses in a context where the price of the primary asset briefly dipped below $74,000.
Debate on Quantum Security and the Regulatory Future
Concern over advances in quantum computing is a recurring theme among asset managers and cryptographers. However, experts like Adam Back maintain that these types of threats would take decades to materialize and pose a real risk to the network.
To address these risks, the community is promoting improvement proposals such as BIP-360. This mechanism would introduce quantum-resistant signatures, ensuring the security of addresses that could be compromised in the distant future.
On the other hand, CEO Mike Novogratz remains optimistic about the ecosystem’s recovery through the CLARITY Act. The executive assured that a clear regulatory framework in the United States will serve as a catalyst to stabilize prices and attract capital flow once again.
In summary, while large-scale liquidations generate panic, Bitcoin’s technical fundamentals remain solid. The industry is now focusing its attention on meetings between the Donald Trump administration and sector leaders to define the future of stablecoins and market structure.
