The largest Bitcoin transaction ever sent

The largest Bitcoin transaction ever sent

By LeftFooted | bitcoinea | 11 Dec 2023


One of the oldest Bitcoin addresses in existence, one of the so-called 'legacy' addresses that begin with '1' (I also have one, hashtag unsolicited flex), once received (and sent) a mind-boggling amount of Bitcoin.


On November 26, 2011, 1M8s2S5bgAzSSzVTeL7zruvMPLvzSkEAuv received 500,000 Bitcoins.

The same address sent those 500,000 Bitcoins somewhere else just a few hours later.


Back then, at a rate of $2.26 BTC per coin, this transaction would've been worth $1.13 million.

Now, that's nothing to sneeze at. But it pales in comparison to what 500,000 BTC is worth today.


At the time of writing, 500,000 BTC is worth 21,157,600,000 - over $21 billion.


This is, to my knowledge, the largest individual Bitcoin transaction not involving CEXs.


Let me know in the comments if you know of a larger transaction.

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LeftFooted
LeftFooted

I’m a left-footed duck that loves writing. I write about cars, watches, craft beer and, you’ve guessed it, crypto Also active on read.cash


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