One of the wealthiest Bitcoin whales in history is suddenly moving a massive crypto fortune to the tune of hundreds of millions of dollars.
An anonymous whale just relocated 14,623 BTC worth $225 million for a fee of just $5.47.
The transaction was initially spotted by the automatic blockchain tracking tool Bitcoin Block Bot.
According to the latest block explorer data, the crypto holder moved the BTC to three separate addresses.
An unknown wallet with a total of five transactions received 14,692 BTC. A second wallet received one BTC and third wallet received less than one Bitcoin.
BitInfoCharts shows that the whale created the original wallet on November 6th. The wallet started to receive substantial amounts of BTC on the same day en route to becoming the 50th richest wallet in existence on November 10th.
The whale involved could possibly be an institution or a crypto custodian managing the BTC on behalf of its clients. The entity may also be shifting the crypto asset across multiple wallets for security purposes.
None of the wallets in question have known links to a company that invests or works in the crypto industry. Also, the Bitcoin has not been relocated to any known addresses owned by crypto exchanges, where it could be sold and traded on the open market.
Featured Image: Shutterstock/Lex Shi