Last Thursday night, US Eastern time, an unknown person or group transferred 94,505 bitcoins, valued at that time in $1 billion dollars, in a single transaction. This event left observers shocked at not knowing who’s behind such a transfer.
Whale Alert, a Twitter account dedicated to tracking large cryptocurrency transactions, was the first to see the transfer and minutes later tweeted an alert.
Apparently, this was one of the recipient address’ first transactions, followed by several smaller transactions, for amounts ranging from $ 6,644 to $ .07. So far, it’s unknown who is behind the billionaire transaction, because the addresses involved aren’t known to the cryptocurrency community.
According to BitInfoCharts information, there are only around 100 addresses in the world with more than 10,000 bitcoins, most of which are Bitcoin exchanges. Also, there are also “whales” that have accumulated large reserves of bitcoins, either through investments or mining.
In the same vein, there’s a possibility that a company is involved in the transaction. It’s presumed that Bakkt, a Bitcoin futures provider that last September 6 opened a “warehouse” to protect the funds of its customers, is responsible for the transfer.
This transaction is not the largest in bitcoins quantity terms. In 2013, there was a transfer for 194,993 bitcoins; however, at that time this digital currency was less valuable, so that transaction only had a value of around $ 150 million. Even in 2011, someone transferred 550,000 bitcoins, but due to the low price at that moment, this translated into $ 1.5 million.
For now, only time will tell if this huge transaction was made by Bakkt, another exchange, or a different whale.