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Erik Voorhees Buys 23,393 ETH for $49.08M USDT Through Two Wallets

Early Bitcoin supporter and ShapeShift founder acquires 23,393 ETH for $49.08M USDT through two wallets while still holding $35.25M USDT.

Sathish Kumar Kaliraj by Sathish Kumar Kaliraj
March 16, 2026
in Market Updates
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Erik Voorhees Buys 23,393 ETH for $49.08M USDT Through Two Wallets

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  • Erik Voorhees, early Bitcoin supporter and ShapeShift founder, purchased 23,393 ETH.
  • The purchase used $49.08 million USDT.
  • The average purchase price was $2,098 per ETH.
  • The transaction was executed through two wallets.
  • After the purchase, $35.25 million USDT remains held.
Erik Voorhees Buys 23,393 ETH for $49.08M USDT Through Two Wallets
Erik Voorhees Buys 23,393 ETH for $49.08M USDT Through Two Wallets

Erik Voorhees, an early Bitcoin supporter and the founder of ShapeShift, has purchased 23,393 ETH in a transaction valued at $49.08 million USDT.

The acquisition was carried out using USDT and executed through two separate wallets. The transaction recorded an average purchase price of $2,098 per ETH.

Transaction Size and Structure

The transaction involved a total spending amount of $49.08 million USDT to acquire 23,393 ETH.

Key transaction figures include:

  • Total ETH purchased: 23,393 ETH
  • Total USDT spent: $49.08 million
  • Average purchase price: $2,098 per ETH
  • Wallets used: 2 wallets

The purchase represents a large ETH acquisition executed through multiple wallet addresses.

Remaining USDT Holdings

Following the ETH purchase, Erik Voorhees still holds $35.25 million USDT. This remaining balance indicates that a significant portion of USDT remains unspent after the transaction that acquired 23,393 ETH. The available balance remains recorded at $35.25 million USDT after the completion of the ETH purchase.

Disclaimer: Cryip's content is strictly for educational and informational purposes and does not constitute financial, legal, or investment advice. Cryptocurrency involves significant risk, and readers assume full responsibility for their own financial decisions. Asset references are never endorsements.

To make complex crypto topics accessible to readers at all experience levels, our team uses AI tools strictly to refine language, correct grammar, and simplify terminology. AI is never used to draft facts, source information, or form conclusions. Every article is fact-checked and approved by a human editor before publication. Read our full AI Use & Content Policy.

Tags: Ethereum
Sathish Kumar Kaliraj

Sathish Kumar Kaliraj

Sathish Kumar Kaliraj is a crypto journalist and data analyst at Cryip, covering on-chain activity, market movements, and regulatory developments across the crypto industry. His reporting combines statistical analysis and blockchain data verification, drawing on certifications in data journalism, fact-checking (IFCN, Google News Initiative), and journalism fundamentals (NBC Universal Academy). His work has been cited by Coincu, Tech Times, and Bitcoinist.

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