Two $1 billion dollar Bitcoin transactions were sent in the space of 2 days for a combined fee of $19. Both senders overpaid fees by 80 times.

Credit: u/KAX1107

August 27 ($1.041 billion dollars)

This is the second largest Bitcoin transaction in history.

https://imgur.com/9D5gkrN

This transaction was first broadcast to the Bitcoin network on August 27, 2021 at 1:00 AM GMT+5:30. At the time of this transaction, 22,249.09528492 BTC was sent with a value of $1,041,621,432.04.

High priority fee at this time was only $0.11. The sender paid $9.08 fee.

August 29 ($1.012 billion dollars)

This is the fourth largest Bitcoin transaction in history.

https://imgur.com/v9Tj8bR

This transaction was first broadcast to the Bitcoin network on August 29, 2021 at 11:43 PM GMT+5:30. At the time of this transaction, 20,784.66370192 BTC was sent with a value of $1,012,845,807.45.

High priority fee at this time was only $0.13. The sender paid $10.62 fee.

Bitcoin network is casually moving billion dollar transactions with instant settlement confirmation. This is quite amazing.

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