- 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, 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.
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