Someone Just Made A $147 Million Bitcoin Transaction

But since it's anonymous, we have no idea who.

Looks like someone's really bullish on Bitcoin. A transfer worth about $147 million was made Friday around 1 p.m. ET, making it the largest single Bitcoin transaction by value. Because the transaction is anonymous, it's unknown who's behind the transfer of 194,993.5 Bitcoins.

The story, which shot to the top of Hacker News, has many people wondering who's behind the move. The value of Bitcoin has been prone to fluctuating, reaching $729 as of this writing, up from less than $100 in early October. As Bitcoin gains ground, more companies have started accepting the cryptocurrency—the latest high-profile one being Virgin Galactic, which announced today that customers can pay for flights to space with Bitcoin. Earlier this week, the Department of Justice and Securities Exchange Commission began making arguments at a Senate committee hearing for Bitcoin's role as a real financial instrument.

[Image: Flickr user Antana]

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11 Comments

  • Bitcoin Expert

    sounds about right, there's alot of bitcoin trading going on daily and the accumulated profits are unregistered

    "The other reason I’m interested in Bitcoin, is because we can exchange it for US Dollars, Euros, Yen, etc.

    And the last reason – well its because there is no way to tax Bitcoin.

    It’s a decentralized currency not under any government or central authority.

    This means you can remain anonymous while quietly putting aside a lot of Bitcoin."

    http://coinmining.wordpress.co...

  • Reese Barnes

    Hardly. Going presidential candidate is spending apx $1 billion to just run.

  • DM

    It was a transfer not a purchase on an exchange. It was an old address. Probably one of the first miners or something

  • Lexi Mize

    Exactly. Trying to anonymize some of those coins. Got to get them moving through different addresses.