min to read

2019-09-06 20:56:20




News

Bitcoin transaction at $ 1 billion with unusually high commission was recorded

94,504 BTC

min to read

2019-09-06 20:56:20

During the night of Friday, September 6, an unusually high volume transaction was recorded on the Bitcoin network for an amount of 94,504 BTC (more than $ 1 billion at the current rate). The commission of $ 700 was even more unusual.

During the night of Friday, September 6, an unusually high volume transaction was recorded on the Bitcoin network for an amount of 94,504 BTC (more than $ 1 billion at the current rate). The commission of $ 700 was even more unusual.

 

According to Whale Alert’s Twitter account, previously unknown wallets that did not belong to any exchange were involved in the transaction.

 

 

One of the prevailing theories is that the transaction is related to the upcoming beginning of deposits reception on the platform for institutional investors Bakkt. Earlier the company announced that this will happen today.

 

Max Kaiser, the head of the venture capital fund Heisenberg Capital, agrees with the opinion that institutional investors may be involved in such a high volume transaction.

 

 

According to Kaiser, large investors are laying the foundation for further actions on the market.

 

“Institutional market makers believe that BTC at around $ 9,000 price provides an excellent risk/reward balance,” he wrote.

 

Whoever was the sender of a high volume transaction, it chose an extremely high commission – at 480 Satoshi per byte, it equals to around $ 700. Moreover, at the current state of the network, only 21 Satoshi per byte are enough to add a transaction in the next block.

 

The unknown sender overpaid it about 20 times, although it could have cost to him only $ 35.

 

At the time of publication, Bitcoin was trading at around $ 10,750.

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