October 19, 2021

A Billion Dollar Transaction Passed On The Bitcoin Network

A Billion Dollar Transaction Passed On The Bitcoin Network

Bitcoin price still hovers around $ 13,000 and this may have caused the asset to move worth more than $ 1 billion.

According to on-net data, the trader transferred over 88,857 BTC (about $ 1.15 billion) and paid a commission of just 0.00027847 BTC ($ 3.58).

Transaction confirmation can be found in the block654364 dated October 26. Whale Alert is sure that the sender's address belongs to the custodian Xapo, who previously had large transactions, but no more than 5,000 BTC.

A Billion Dollar Transaction Passed On The Bitcoin Network

A Billion Dollar Transaction Passed On The Bitcoin Network

It is currently the largest cryptocurrencytransaction at fiat value in history. The previous record was set by Bitfinex in April, transferring 161,500 BTC - $ 1.1 billion for just $ 0.68.

In fact, none of these transactions werethe largest amount of military-technical cooperation ever moved. This honor belongs to the 550,000 BTC transaction made on November 16, 2011 by Mt. Gox Exchange. At the time, this amount of bitcoins was estimated at $ 1.32 million, and today it can be sold for more than $ 7 billion.

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