A million dollar bitcoin transaction from an exchange
Bitcoin

A million dollar bitcoin transaction from an exchange

By Alfredo de Candia - 17 Jun 2019

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The recent increase in the price of bitcoin has led to movements of large amounts of BTC to and from exchanges. The latest in the million-dollar transaction series featured a total of 23726 bitcoins worth over $200 million.

Among the various transactions that followed one another, most were below 1000 BTC to and from exchanges and wallets, 2 in particular: one of 6.999 bitcoins and another of 6.000 BTC that were sent from the same address, but divided into two different wallets.

bitcoin transaction exchange

A million dollar bitcoin transaction of this magnitude does not go unnoticed. In more detail, the address of the transaction can be traced back to another address, 1Pw48g5zwghYtYUhfjMppxxZnzaUu8ognh, which dates back to summer 2010. The owner of the address made an investment of just over $5,000 in a few months, buying a total of 25,549 BTC at a price of $0,169 per unit.

bitcoin transaction exchange

Thanks to that investment, he now has a real fortune and has always held his bitcoins without ever selling them.

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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