The Bitcoin (BTC) price saw an historic spike over the weekend above $107,000 as the crypto community buzzed over two massive Bitcoin transactions that occurred over the past 24 hours, according to analytics account @spotonchain.
More than $2.5 billion worth of BTC has been transferred across such major blockchains, catching the attention of industry observers, as big players were behind these big moves. The transactions, spot onchain, came in at a total of 23,664 BTC, worth around $2.51 billion in fiat currency.
Mt. Gox Continues Large Bitcoin Transfers Amid Efforts for Creditor Payouts
Much of that turnover started with the notorious crypto exchange Mt. Gox, which quietly went defunct years ago but still owns quite a few BTC for itself. Mt. The 1,620 BTC he transferred in this window included 1,320 BTC transfer to its internal address and 300 BTC to the B2C2 Group.
Approximately $650 million, or 7,500 BTC, has since moved from Mt. Gox to B2C2 since November. But it is believed that these are part of this continuing push to get creditor payouts. As it does now, Mt. Gox is now holding a grand total 37,404 BTC worth approximately $4.02 billion.
Marathon Digital, a top Bitcoin mining company, was the second major player in these large transactions. Marathon was able to move a much larger sum, 22,044 BTC (roughly $2.34 billion), across 40 wallets, none of which have been identified, over the course of 14 hours. 14,364 BTC ($1.54 billion) are now held by Marathon.
As Bitcoin’s value increases, investor and finance guru Robert Kiyosaki, author of “Rich Dad Poor Dad,” is pointing out the potential that BTC could have. For many who cannot afford to purchase a full Bitcoin, he urged his followers to simply get Satoshis small fractions of Bitcoin’ to help them ride the coattails on the ascent, rather than stay out of reach.
