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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.

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