Someone Just Made A $147 Million Bitcoin Transaction

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

Someone Just Made A $147 Million Bitcoin Transaction
[Image: Flickr user Antana]

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.

About the author

Based in San Francisco, Alice Truong is Fast Company's West Coast correspondent. She previously reported in Chicago, Washington D.C., New York and most recently Hong Kong, where she (left her heart and) worked as a reporter for the Wall Street Journal.