Eidoo Card Teal
Eidoo Card Purple
Eidoo Card Black

Introduce your digital currencies to the real world.
Experience DeFi on demand with the Eidoo Card

Pre-order yours and enjoy exclusive rewards,
including up to 10% crypto cashback.

BTC transaction, 66,000 bitcoins moved by one of the largest wallets in the world
BTC transaction, 66,000 bitcoins moved by one of the largest wallets in the world

BTC transaction, 66,000 bitcoins moved by one of the largest wallets in the world

By Marco Cavicchioli - 4 Dec 2018

Chevron down

Yesterday, a bitcoin transaction took place at 19:08 CET and moved as many as 66,233.76 BTC, for a value of more than 260 million dollars.

This bitcoin transaction cost just over 0.01 BTC, or about 44 dollars, and literally emptied the wallet from which the bitcoins were sent. In addition, this address would be associated with five other addresses containing similar figures dating back to 2013.

The odd thing is that the wallet receiving the transfer then transferred the funds to another 101 SegWit addresses.

Now the question is: why did this whale carry out such a bitcoin transaction?

In total, the owner of this wallet seems to have more than 300,000 BTCs worth more than a billion dollars. To date, it is not known who it is, despite the fact that the total figure is one of the largest bitcoin fortunes existing.

According to what was posted on Reddit in 2013, these funds could be the result of illegal activities, so this transaction of BTC could also be due to a seizure. The alternative assumption is that the holder of the funds is preparing to use them instead.

One of the 101 addresses involved, the one with the smallest transfer, is a vanity address that starts with 1FUBES, a wallet that has received dozens of other similar 200 BTC transactions in the last 3 days. This wallet received its first transaction a few days ago, and all this seems to refute the hypothesis of seizure.

Unfortunately, there is no other information to better understand what were the reasons that led this whale to make this transaction, but given the complexity of the operation, it does not seem to have been a mere shift of funds from one wallet to another.

Marco Cavicchioli
Marco Cavicchioli

Class 1975, Marco teaches web-technologies and is an online writer specializing in cryptocurrencies. He founded ilBitcoin.news, and his YouTube channel has more than 11 thousand subscribers.

We use cookies to make sure you can have the best experience on our site. If you continue to use this site we will assume that you are happy with it.