With the price of Bitcoin continuing to hold close to $ 13,000, one cryptocurrency wallet moved more than $ 1 billion of the digital asset.

and according to the data on the chain, a Bitcoin wallet (BTC) holder transferred more than 88857 Bitcoins - worth approximately $ 1.15 billion - for a fee of just 0.00027847 Bitcoin, or $ 3.58. The coins in block 654364 were confirmed Monday.

It seems that the data from the analytics platform (Crystal Blockchain) shows that the user sent the coins from the address of the named wallet of Szabo Bitcoin. Since Coinbase custodian acquired the corporate business of Zapo in 2019, it is possible that the $ 1.1 billion in Bitcoins originated from the US stock exchange.

This transaction is the largest movement of any digital currency in terms of paper value, and Bitfinex had set the previous record in April. It transferred 16,1500 Bitcoins - $ 1.1 billion at the time - for a fee of only $ 0.68.

none of these transactions were, in fact, the largest amount of Bitcoin ever transferred. This honor goes to a deal worth 550,000 Bitcoins that took place on November 16, 2011 by MTGox, worth $ 1.32 million at the time, and the equivalent of more than $ 7 billion today.