The largest unattributed Bitcoin cryptocurrency wallet in the world has carried out transactions enumerating $1 billion in total value.
The transfer sent 101,857 BTC with an approximate market value of $933 million, as of publishing this article, to two recipients. The first of them received 5,000 BTC (app. $45.8 million) and the second one received 96,857 BTC (app. $887.4 million).
This move made the second receiving wallet also the second largest in the world giving way only to the cold storage wallet of Huobi, the renowned cryptocurrency exchange.
All in all, the associated fees for this enormous transaction, registered on June 27, amounted to only $0.48.
The wallet that executed the transaction was created by a transfer of wealth of similar magnitude on April 1. It was then registered as one of the richest Bitcoin addresses not owned by a known high-profile constituent of the cryptocurrency exchanges. It should be noted, that unlike the mentioned wallet, the cryptocurrency stocks of these exchanges are owned primarily by their users.
The individual, or the group, that owns this wallet remains a mystery due to the private nature of Bitcoin transactions. Some crypto analysts suggest that it might be owned by major investors, for example, the Winklevoss twins.
In addition, it remains unknown if the Bitcoins in this wallet are owned by an individual or a group, or rather the wallet is controlled by an exchange that hasn’t announced its affiliation with the address.
On the other side, the recipients are also unnamed and completely anonymous. There are suggestions that the sending and receiving addresses are in control of the same entity. However, it is not yet known what the reason for such a relocation of their wallet might be.
Massive transfers of Bitcoins are not unseen in the cryptocurrency industry. As recently as June there was another whale transaction recorded, after a crypto tracking Twitter bot logged a transfer consisting of seven separate transactions in the span of just one hour, amounting to the breath-taking sum of 241,500 BTC (app. $2.2 billion).
Each of these transactions was made to unknown recipients and amounted in the range of 27,000 to 40,000 BTC. The overall fees for all these actions amounted to $6,50.
In the industry, Bitcoin whales are called owners of wallets containing at least 1000 BTC (app. $9 million in value). According to the market intelligence firm Glassnode, the number of Bitcoin whales is again surging – the first time since 2016. There are now estimated around 1,800 Bitcoin whale wallets in existence.
