BITCOIN

Someone Just Made a $150 Million Bitcoin Transaction

BITCOIN
Nov 22, 2013 at 2:46 PM ET

We have no idea how, or why, or who–but someone just transferred 194,933 Bitcoins today. At $755 a pop, that’s about $150 million.

Both entities in the transaction are anonymous. All we know—with certainty—is that the transfer took place around 1 p.m. ET on Friday afternoon. We also know that it’s the biggest transaction in Bitcoin history. Not surprisingly, the Bitcoin community is running wild with theories.

“I wonder if it is an early miner, or a certain black pirate,” wondered Shubb on Hacker News.

Bitcoin is notoriously volatile. Last month, it cost about $190 for one Bitcoin. Today, it’s four times that.

What does $150 million in Bitcoin get you? A lot. “Maybe someone…is trying to buy Virgin Galactic, not just a flight on it,” one person joked, referring to Richard Branson’s space tour, which now accepts the virtual currency.

We’ll update the story when we figure out what the hell is going on.