$310 million worth of Bitcoin moved to unknown wallet for only $0.32c

Hundreds of millions of dollars of bitcoin has been moved, and the transaction fee will certainly surprise you.

Jak Connor | Nov 25, 2019 at 2:14 am CST

While the bitcoin price certainly isn't where it was when it was at its peak, that doesn't mean there isn't large holders of the currency still out there.

According to the Twitter account 'Whale Alert' which tracks Bitcoin transactions from wallet to wallet, a massive transaction just occurred. This transaction wasn't in the hundreds of dollars either; it was, in fact, in the hundreds of millions of dollars equating to more than $310 million USD.

What is the exciting part about this movement is that the holder of 44,000 BTC only paid a measly $0.32 in transaction fees. This information comes from Blockchain.com's Bitcoin explorer, which says that the owner of the transaction paid just 0.00004551 BTC -- or $0.32c. This isn't the first time a massive amount of Bitcoin was moved for an extremely low amount in transaction fees, as back in July this year, one holder moved $450 million multiple times and only accumulated $400 in fees.

Last updated: Jun 16, 2020 at 04:29 pm CDT

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ABOUT THE AUTHOR - Jak Connor

Jak's love for technology, and, more specifically, PC gaming, began at 10 years old. It was the day his dad showed him how to play Age of Empires on an old Compaq PC. Ever since that day, Jak fell in love with games and the progression of the technology industry in all its forms. Instead of typical FPS, Jak holds a very special spot in his heart for RTS games.