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A Bitcoin Whale Moved $2.1 Billion Worth of BTC in A Single Transaction

As the price of Bitcoin (BTC), the first and largest cryptocurrency by market capitalization, moved sideways over the week, whales continue to move Bitcoin in large numbers. An anonymous whale moved tens of thousands of BTC worth billions of dollars in a single transaction.

As reported a few days ago by the distributed ledger explorer, a total of 34,988.9 BTC worth $2,071,215,368.63 at the time the transaction was sent to two wallets of unknown origin.

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The first receiving wallet collected 900 BTC, worth $55.77 million, which it promptly distributed to many other Bitcoin addresses.

The second wallet received 34,088.9329 Bitcoin, currently worth $2.11 billion. According to crypto-tracking tool BitInfoCharts, the wallet is now the 21st richest Bitcoin address in the world.

Going by the current price of Bitcoin in the market, the BTC moved should now be worth relatively $2.16 billion.

Another thing that is noteworthy is that the entire transaction cost just 0.00000672 BTC worth relatively $0.42 at the time of filing this report.

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The sending address was the 18th-richest BTC wallet before the transaction and currently holds 4,589 BTC, worth over $284 million.

Bitcoin is up 1.39% in the past seven days, according to CoinMarketCap. The largest crypto asset by market capitalization is down 7.6% from its all-time high of $67,276.79, which was recorded last week shortly after ProShares launched the United States’ first Bitcoin futures exchange-traded fund (ETF).

Tobi Loba
Tobi Loba
Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.

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