Xenophilia (True Strange Stuff)

The blog of Xeno, a slightly mad scientist

Someone Just Bought $148 Million Worth Of Bitcoin

Someone just transacted $148 million worth of Bitcoin.

That’s about 195,000 Bitcoins.

We say transacted because there is no way of knowing whether any money actually changed hands. The Bitcoins were transferred from several Blockchain “addresses” to another single address. Addresses are basically routing numbers, and an individual’s Bitcoin wallet can contain multiple addresses.

So barring some kind of deal that would almost certainly be required to be reported to some sort of third party, it’s likely to have just been an individual consolidating accounts.

You can see more discussion of this on reddit and ycombinator.

But it does show that someone out there owns 195,000 Bitcoins, which are increasingly becoming more valuable.

(Via Hacker News)

What creates bit coins? Powerful computers. Who has the most? Governments. Just saying.

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This entry was posted on November 23, 2013 by in Money, Technology.
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