the user has moved more than 1.1 billion dollars in Bitcoin


With the price of Bitcoin hovering around $ 13,000, An anonymous trader decided it was time to transfer over $ 1 billion from the digital asset.

According to the data of the chain, A Bitcoin (BTC) trader traded over 88,857 BTC, worth around $ 1.14 billion, for a fee of just 0.00027847 BTC, or $ 3.58 at the time of this writing. The coins were confirmed at block 654,364 on October 26th.

This transaction is the movement larger than any cryptocurrency by fiat value, with Bitfinex set the previous record in April. They transferred 161,500 BTC, $ 1.1 billion at the time, for a commission of only $ 0.68.

Neither of these transactions was actually the largest amount of Bitcoin ever moved. This honor goes to a 550,000 BTC transaction made on November 16, 2011 by the Mt. Gox exchange. Valued at $ 1.32 million at the time, That amount of Bitcoin could be liquidated for over $ 7 billion today.

This story is ongoing and will be updated.

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