Bitcoin (BTC) Whale Launches Massive Transaction of $ 184,000,000 and Spreads Crypto Fortune Across Hundreds of Wallets

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A Bitcoin whale has just moved around 19,631 BTC worth around $ 184 million to an unknown wallet.

Transaction fees? Around 0.00421580 BTC, worth around $ 40 at the time of writing. Whale Alert was the first to spot the movement.

The whale initially moved the huge Bitcoin treasure to a single wallet with no transaction history. About 37 minutes later, this wallet sent all of the BTC mail to a long list of separate wallets, initially in pieces of about 195,045 BTC (about $ 1.83 million).

Of these recipients, all but one appear to have turned their entire Bitcoin into a wave of smaller transactions with other wallets, resulting in hundreds of transactions at all levels.

The original mailing address, which no longer contains Bitcoin, has transactions dating back to November 2018, according to blockchain.com. If the wallet had not moved Bitcoin, it would currently rank 38th among addresses, with more than 0.1% of the total number of coins in circulation, according to BitInfoCharts.

It is not clear whether the BTC was sent to a known crypto exchange, where it could be sold on the open market.

The unknown Bitcoin whale that pulled the initial transaction could trade OTC BTC or move its treasure across multiple wallets for security and management purposes.

A cryptocurrency exchange, custodian or institutional digital asset manager could also be responsible for the transfer.

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