Geopolitics Alpha

White Hats Move Over $4.5 in Bitcoins From Coldcard to Recovery Trust

Published . Updated .

Bitcoin Magazine White Hats Move Over $4.5 in Bitcoins From Coldcard to Recovery Trust White hats have moved bitcoin from the hacked Coldcard signing devices to a trust for would-be victims to reclaim, Galaxy Digital’s Alex Thorn has said. Writing on X on Monday, Thorn said that the funds were taken by white hats to protect potential victims. They are now apparently sitting in an address controlled by Crypto […] This post White Hats Move Over $4.5 in Bitcoins From Coldcard to Recovery Trust firs

Directly affected

  • GLXY Galaxy Digital

    Named in this report.

  • CRCW Crypto

    Named in this report.

Indirectly affected

  • IBIT iShares Bitcoin Trust

    This price moves with the crypto market

  • COIN Coinbase

    The crypto exchange moves with trading volumes

  • MSTR Strategy

    This company's value is tied to its bitcoin holdings

  • MARA MARA Holdings

    Bitcoin miners move with the bitcoin price

  • RIOT Riot Platforms

    Bitcoin miners move with the bitcoin price

  • HOOD Robinhood

    Retail trading apps move with crypto volumes

  • GBTC GRAYSCALE BITCOIN TRUST ETF

    GA selected GBTC as a RELATED security because its canonical security name directly matches this event's themes: bitcoins, trust. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • AMDW ROUNDHILL ETF TRUST

    GA selected AMDW as a RELATED security because its canonical security name directly matches this event's themes: trust. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • AVL DIREXION SHARES ETF TRUST

    GA selected AVL as a RELATED security because its canonical security name directly matches this event's themes: trust. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • BITB BITWISE BITCOIN ETF TR

    GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitcoins. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
GLXY———————
CRCW———————
IBIT———————
COIN———————
MSTR———————
MARA———————
RIOT———————
HOOD———————
GBTC———————
AMDW———————
AVL———————
BITB———————

Bitcoin Magazine White Hats Move Over $4.5 in Bitcoins From Coldcard to Recovery Trust White hats have moved bitcoin from the hacked Coldcard signing devices to a trust for would-be victims to reclaim, Galaxy Digital’s Alex Thorn has said.…

Source: Bitcoin Magazine

The price since 22 Sep 2026: Grayscale Bitcoin Trust ETF (GBTC) versus the S&P 500

Since the first closing price after “White Hats Move Over $4.5 in Bitcoins From Coldcard to Recovery Trust,” Grayscale Bitcoin Trust ETF (GBTC) is -3.41%. The S&P 500 fund (SPY) is -0.17% over the same days, a -3.24% difference versus the market.

GBTC
SPY

Who gains and who loses around Grayscale Bitcoin Trust ETF (GBTC)

Companies tied to this story

  • GBTC Grayscale Bitcoin Trust ETF

    In “White Hats Move Over $4.5 in Bitcoins From Coldcard to Recovery Trust,” Grayscale Bitcoin Trust ETF (GBTC) is linked, with no stored direction, medium confidence. Reason on file: GA selected GBTC as a RELATED security because its canonical security name directly matches this event's themes: bitcoins, trust. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • IBIT iShares Bitcoin Trust ETF

    In “White Hats Move Over $4.5 in Bitcoins From Coldcard to Recovery Trust,” iShares Bitcoin Trust ETF (IBIT) is linked, with no stored direction, medium confidence. Reason on file: GA selected IBIT as a RELATED security because its canonical security name directly matches this event's themes: bitcoins, trust. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • AMDW Roundhill Etf Trust

    In “White Hats Move Over $4.5 in Bitcoins From Coldcard to Recovery Trust,” Roundhill Etf Trust (AMDW) is linked, with no stored direction, medium confidence. Reason on file: GA selected AMDW as a RELATED security because its canonical security name directly matches this event's themes: trust. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • AVL Direxion Shares Etf Trust

    Direxion Shares Etf Trust (AVL) is linked, with no stored direction, medium confidence in the 22 Sep 2026 story “White Hats Move Over $4.5 in Bitcoins From Coldcard to Recovery Trust.” Reason on file: GA selected AVL as a RELATED security because its canonical security name directly matches this event's themes: trust. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • BITB Bitwise Bitcoin ETF

    For “White Hats Move Over $4.5 in Bitcoins From Coldcard to Recovery Trust,” Bitwise Bitcoin ETF (BITB) is linked, with no stored direction, medium confidence. Reason on file: GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitcoins. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • BITU Proshares Ultra Bitcoin Etf

    In “White Hats Move Over $4.5 in Bitcoins From Coldcard to Recovery Trust,” Proshares Ultra Bitcoin Etf (BITU) is linked, with no stored direction, medium confidence. Reason on file: GA selected BITU as a RELATED security because its canonical security name directly matches this event's themes: bitcoins. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Grayscale Bitcoin Trust ETF (GBTC)

The 22 Sep 2026 story “White Hats Move Over $4.5 in Bitcoins From Coldcard to Recovery Trust” names Grayscale Bitcoin Trust ETF (GBTC) because of this story.

What ties Grayscale Bitcoin Trust ETF (GBTC) to the headline is this: GA selected GBTC as a RELATED security because its canonical security name directly matches this event's themes: bitcoins, trust. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

iShares Bitcoin Trust ETF (IBIT) is here too. Its reason reads: GA selected IBIT as a RELATED security because its canonical security name directly matches this event's themes: bitcoins, trust. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Dates and price levels for Grayscale Bitcoin Trust ETF (GBTC)

AMDW traded between 82.73 and 109.35 across 20 sessions. The latest close on file is 84.45. GBTC traded between 61.55 and 67.38 across 20 sessions. The latest close on file is 63.11. IBIT traded between 45.12 and 49.39 across 20 sessions. The latest close on file is 46.29.

What the saved facts support for Grayscale Bitcoin Trust ETF (GBTC)

46 out of 100

“White Hats Move Over $4.5 in Bitcoins From Coldcard to Recovery Trust” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.