This transaction has surpassed previous records, setting a new benchmark for Bitcoin trades. Before this event, the largest Bitcoin transactions included a $1.1 billion trade in April 2020 involving 161,500 BTC, and other significant transactions ranging from $491 million to $1.033 billion throughout 2019 and 2020.
On February 23, 2024, at 16:05:43, the largest Bitcoin transaction in history was executed, marking a significant milestone in the cryptocurrency world. The transaction involved the transfer of 26,139.38974287 BTC, valued at approximately $1.347 billion at the time of the transaction.
This monumental trade was conducted between two digital wallets, identified by their addresses as “1aXzEKiDJKzkPxTZy9zGc3y1nCDwDPub2” and “3M6XXpqUc8G8GuHYKQhjAWobo5aGpkdV7u.” The commission for this massive transaction was notably low, at 4.0K Sats (Satoshis), equivalent to $2.06, showcasing the efficiency and cost-effectiveness of large-scale transactions within the Bitcoin network.
This transaction has surpassed previous records, setting a new benchmark for Bitcoin trades. Before this event, the largest Bitcoin transactions included a $1.1 billion trade in April 2020 involving 161,500 BTC, and other significant transactions ranging from $491 million to $1.033 billion throughout 2019 and 2020. These historical transactions highlight the growing scale and value of Bitcoin trades over the years, reflecting the increasing acceptance and integration of cryptocurrencies into the financial landscape. This latest transaction not only emphasizes the robustness and maturity of the Bitcoin network but also signals the growing confidence among investors and the broader market in the stability and potential of cryptocurrencies.
