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Bitcoin Transaction Worth $1 Billion USD Moved to Single Wallet

Blockchain / Cryptocurrency / Finance / September 7, 2019

Bitcoin

Over $1 billion USD worth of Bitcoin was transferred to one wallet today in a major transaction, making it the fifth richest Bitcoin wallet in existence.

The Richest Non-Exchange Address

A group of large-scale Bitcoin owners, known as whales, moved 94,504 Bitcoins to an unknown wallet, which now becomes the richest non-exchange address, as well as the fifth richest overall. The amount is equal to 0.5% of all the Bitcoin currently in existence. It is not yet entirely clear where the transaction originated from; however, TokenAnalyst believes that at least one third came from the Huobi …

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