Crypto
Bitcoin Whales Stir as $100 Million Wallet Moves and Casascius Coins are Redeemed
A significant Bitcoin wallet has moved 1,260.77 BTC to an unknown address in a transfer worth over $100 million.
The wallet was created on July 9, 2016, and its owner has now seen their stash of BTC gain 11,366.15% in value since then.
The current price of Bitcoin is around $79,733, which means the transferred funds are worth more than $100 million.
In related news, holders of Casascius physical bitcoins have been redeeming their coins at a rapid pace, with nearly 75 redemptions of 1 BTC coins in the first six days of September alone.