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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.

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

Image Source: reason.com

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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 is an independent media and research outlet providing news, data, and analysis on the cryptocurrency industry. Content is for informational and research purposes only and does not constitute financial, legal, tax, or investment advice. Cryptocurrency markets are volatile and past performance is not indicative of future results. References to specific assets, platforms, or incidents are for journalistic purposes only and do not imply endorsement, and readers assume full responsibility for their decisions.
Tags: Erik VoorheesETHEthereumUSDT

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