Vitalik Buterin transferred 800 ETH (worth $2.01 million) to a multisig wallet on Aug. 30. Shortly after, the multisig wallet swapped 190 ETH for 477,000 USDC.
Vitalik Buterin’s recent move followed a previous significant transfer earlier this month. On Aug. 9, the Ethereum co-founder moved 3,000 ETH, valued at $8.04 million, to the same multisig wallet.
On June 12, 2023, Buterin transferred 1,000 ETH ($1.85 million) to a different multisig wallet. In April 2023, he moved 2,500 ETH ($4.6 million) to a cold storage wallet.
These transactions suggest Buterin is consolidating or reallocating funds, possibly for security or strategic purposes. The precise reasons remain unknown.
In October 2023, Buterin posted on the decentralized social platform Warpcast, stating he had not sold ETH for personal gain in over five years.
Instead, he wrote that he often uses his ETH holdings to support various communities and contribute to non-profit organizations.
For instance, in February 2023, Buterin donated Ethereum to aid victims of the 7.8 magnitude earthquake in Turkey.
