Someone in Germany just bought $150 million worth of Bitcoins

194,993 Bitcoins were just acquired by someone in Germany, with a value of over $150 million.

@anthony256
Published Sat, Nov 23 2013 4:01 PM CST   |   Updated Tue, Nov 3 2020 12:19 PM CST

Update: It seems that there wasn't 'someone' or a company that purchased these Bitcoins, but rather a transfer of Bitcoins. It could be that Bitstamp possibly moved its own funds around, which made this look (to a Bitcoin novice like myself) a massive transfer worth $150 million, and thus, major news - but it looks like it was not. Apologies.

Bitcoins have been going up and down in price, where we saw it rise past $600 in value just a few days ago, but now the price is beginning to stabilize. Bitcoin has been making the mainstream headlines quite a lot, but this latest transaction should see much more attention paid to the digital currency.

Someone in Germany just bought $150 million worth of Bitcoins | TweakTown.com

Someone in Germany must have quite a lot of cash on-hand, as they just acquired over 194,000 Bitcoins... which has a value of approximately $150 million. Yes, $150,000,000 in Bitcoins. Even the richest people around don't just have $150 million in cash to just spend, so are we looking at a central bank or government scooping up all these Bitcoins?

Also remember, that Germany has recently recognized Bitcoins as a "unit of account" which means it can be used for private transactions. This means that the German government can now tax owners of Bitcoins, and this new $150 million transaction will have quite the tax bill, won't it? Whatever has happened, and whoever has bought these Bitcoins, some serious money just changed hands.

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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