Jump to content

Someone moved $1 billion in a single bitcoin transaction


Spartan

Recommended Posts

Late on Thursday night, US Eastern time, someone made one of the biggest transactions in bitcoin history: 94,504 bitcoins. At the then-current bitcoin price of around $10,600, this transaction was worth almost exactly $1 billion. It's now worth around $967 million.

Bitcoin's shared transaction ledger is open, but addresses are anonymous by default. As a result, we know that the transaction occurred, but we don't know who made it or why. One analysis indicated that at least a third of the money comes from Huobi Global, a cryptocurrency exchange based in Singapore. So the transaction could reflect big withdrawals from a Huobi customer—or it could mean that Huobi itself was consolidating some of its deposits.

This isn't the largest transaction in bitcoin terms. In 2013, for example, someone moved 194,993 bitcoins in a single transaction. But bitcoins were much less valuable back then, so the transaction was only valued at around $150 million.

An even larger 2011 transaction moved 550,000 bitcoins. But with bitcoins only worth around $3 at the time, this represented around $1.5 million at the time.

However, I can't find any previous examples of bitcoin transactions where the dollar value exceeded $1 billion.

Whoever initiated the $1 billion transfer paid a transaction fee of 0.065 bitcoins—around $690 at the time of the transaction.

Link to comment
Share on other sites

Just now, Quickgun_murugan said:

Mana bitcoin account lo malli molakaleppudosthay chitti vuncle ? 

naaku polame ledu..inka molakalu edkenchi vastai..

  • Haha 2
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...