Cryip
  • Home
  • Crypto News Today
  • Research & Analysis
  • Learn Crypto
No Result
View All Result
Cryip
  • Home
  • Crypto News Today
  • Research & Analysis
  • Learn Crypto
No Result
View All Result
Cryip
No Result
View All Result
Home Crypto News Today Market Updates

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
0 0
Erik Voorhees Buys 23,393 ETH for $49.08M USDT Through Two Wallets

Image Source: reason.com

Share on FacebookShare on Twitter
MakeCryipCryippreferred onGoogle
  • 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.

Related Posts

Market Updates

BitMine Immersion Technologies Says Its ETH Holdings Have Topped 6 Million Tokens

by Ilampirai Arivazhagan
September 29, 2026

BitMine Immersion Technologies said its ether holdings have reached 6,001,302 ETH, equal to roughly 4.9% of ETH's total circulating supply...

Read moreDetails
Photo by Conny Schneider on Unsplash

Ethereum’s Validator Entry Queue Balloons Past 1.6 Million ETH as Exit Queue Stays Thin

September 26, 2026 - Updated on September 27, 2026

Bitmine Immersion Technologies Reports ETH Holdings Reach 5.98 Million Tokens, Nearly 5% of Total Supply

September 25, 2026

ARK Invest Tokenizes Its Venture Fund on Ethereum With Securitize, Exposing OpenAI and Anthropic Stakes

September 25, 2026

US Spot Ethereum ETFs Post $2.5 Million Net Inflow as Grayscale and Bitwise Funds Diverge

September 24, 2026

Ether Clears $2,700 as Spot ETH ETFs Post Their Biggest Daily Haul Since October

September 23, 2026

Ether Clears $2,700 After Two Wallets Move $106 Million Onto the Network

September 21, 2026
Next Post
SEC Drops Case Against BitClout Founder Nader Al-Naji With Prejudice

SEC Drops Case Against BitClout Founder Nader Al-Naji With Prejudice

Metaplanet Raises $255M From Institutional Investors to Expand Bitcoin Treasury Toward 210,000 BTC

Metaplanet Raises $255M From Institutional Investors to Expand Bitcoin Treasury Toward 210,000 BTC

Recommended

  • All
  • Crypto News Today
Coinbase Completes Deribit Integration, Unveils "Coinbase Global Exchange"

Coinbase Completes Deribit Integration, Unveils “Coinbase Global Exchange”

October 9, 2026
AVAX One Technology Eliminates $14.9 Million in Debt, Extends Share Buybacks in Q3 Update

AVAX One Technology Eliminates $14.9 Million in Debt, Extends Share Buybacks in Q3 Update

October 9, 2026
Figure Technology Solutions Reports Preliminary Q3 2026 Marketplace Volume of $5.12 Billion

Figure Technology Solutions Reports Preliminary Q3 2026 Marketplace Volume of $5.12 Billion

October 9, 2026
FDUSD Issuer First Digital to Go Public on Nasdaq via SPAC Merger With CSLM Digital Asset Acquisition Corp III

FDUSD Issuer First Digital to Go Public on Nasdaq via SPAC Merger With CSLM Digital Asset Acquisition Corp III

October 9, 2026
SRX Global Commits $1.5 Million to Launch AI-Powered Digital Asset Hedging ETFs

SRX Global Commits $1.5 Million to Launch AI-Powered Digital Asset Hedging ETFs

October 9, 2026
OpenWorld Signs Up-to-$130 Million Deal to Tokenize AI Firm BeyondAI's Patents

OpenWorld Signs Up-to-$130 Million Deal to Tokenize AI Firm BeyondAI’s Patents

October 9, 2026
Bullish Discloses $48.6 Billion in September Trading Volume in Monthly Metrics Report

Bullish Discloses $48.6 Billion in September Trading Volume in Monthly Metrics Report

October 9, 2026
PowerCompute Expands Mississippi Mining Site to 11 Megawatts Under New TVA Tariff

PowerCompute Expands Mississippi Mining Site to 11 Megawatts Under New TVA Tariff

October 9, 2026

Cryip focuses on crypto research and on-chain analysis, supported by coverage of markets, regulation, security events, and blockchain ecosystems.

Recent Posts

  • Winklevoss Group Files S-1 for a Zcash ETF Under Ticker “WINK”
  • Coinbase Completes Deribit Integration, Unveils “Coinbase Global Exchange”
  • AVAX One Technology Eliminates $14.9 Million in Debt, Extends Share Buybacks in Q3 Update

Categories

  • AI News
  • Data & Dashboards
  • DeFi Basics
  • Investing Basics
  • Market & Price
  • Market Updates
  • On-Chain Analysis
  • OpSec
  • Policy & Regulation
  • Post Mortems
  • Press Release
  • Reports
  • Research & Analysis
  • Scams & Fraud
  • Security & Hacks
  • Stablecoins
  • Tokenomics
  • Uncategorized
  • VC & Funding
  • Wallets & Custody

Company

  • About Us
  • Contact Us
  • Editorial Standards & Integrity
  • Our Team
  • Privacy Policy
  • Review Methodology
  • Terms and Conditions
  • Trust, Disclosures & Independence

© 2026 Cryip - Research-Driven Crypto Analysis & News by Hashlays.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Crypto News Today
  • Research & Analysis
  • Learn Crypto

© 2026 Cryip - Research-Driven Crypto Analysis & News by Hashlays.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.