Somebody Transfers Almost $1 Billion Worth of Bitcoin (BTC) for Less Than $4

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Mon, 10/14/2019 - 18:57
Alex Dovbnya

This will go down in history as one of the largest cryptocurrency transfers in history

Cover image via U.Today

According to the 'Bitcoin Twitter Bot' account, which monitors the Bitcoin Blockchain 24/7, somebody has moved an eye-popping 112,027 BTC ($935 mln) in block 599,361.

Notably, whoever was behind this enormous only had to pay only $3.90 in fees, Blockchain data shows. 

The address, which now boasts $934 mln worth of BTC, would easily make it to the top 5 richest addresses, occupying fourth place under three exchange wallets

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It goes without saying that such transactions are extremely rare. On Sept. 6, someone made waves in the crypto markets by transferring 94,504 BTC ($788 mln at current prices).  At that time, when the BTC price was hovering around $10,600, this became the largest Bitcoin transaction in terms of value. 

Meanwhile, the largest transaction in terms of Bitcoin amounted to 500,000 BTC back in 2015. It would be worth 4.2 bln at today's prices, which would easily allow the wallet's owner to make it to the annual Forbes 400 list

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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