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Bitcoins worth $1 billion just moved to an unknown wallet

Yogita Khatri

Over 94,000 bitcoins, currently worth over $1 billion, have just been moved to an unknown wallet; possibly associated with Bakkt.

The transaction, which took place three hours ago, consolidated bitcoins from 92 different inputs from 15 addresses into just one address that now holds 94,505.8 BTC. More than half of the sent BTC (56%) came from just one address. The same address has also moved 124,178 of Bitcoin Cash (~$36.7 million) and 124,178 of BSV (~$16.3 million). Another 42% of BTC came from three other addresses. The transaction fee cost approximately $700, meaning just 0.00007% of the total amount.

The receiving address is now the fifth-largest BTC wallet, and the largest wallet not associated with a cryptocurrency exchange. Considering that Bakkt begins to offer bitcoin custody starting from today, it is possible that the receiving address belongs to Bakkt.