Bitcoin Transfers Move About $307 Million in Two Large Transactions

Two Bitcoin transfers totaling about $307 million were recorded Oct. 16, including one from Kraken-labeled addresses to an unidentified wallet, but the transactions do not show whether owners were trading or changing custody. One transaction sent 888.38 BTC, worth about $72.8 million, from addresses labeled Kraken to an unidentified address at 10:04:40 a.m. ET (14:04:40 UTC). A separate transfer at 12:58:31 p.m. ET (16:58:31 UTC) moved 2,878 BTC, valued at about $234.3 million, between wallets identified as unknown. Together, the transfers involved about 3,766 BTC and roughly $307 million at the time. The transaction details show amounts and wallet destinations. They do not establish who controlled the wallets, whether the transfers had a common owner, or whether the Bitcoin was bought or sold.

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