Vitalik Buterin Transfers 3,000 ETH to Multi-Sig Wallet, Speculated to be Possible Donation

Donation Ethereum Vitalik Buterin

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Sujha Sundararajan

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Sujha Sundararajan

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August 8, 2024

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Ethereum co-founder Vitalik Buterin has transferred 3,000 Ether (ETH) to a multi-signature safe wallet, few hours ago. The amount transferred is worth $8 million at press time.

A Buterin-linked wallet first transferred 0.1 ETH to a wallet for testing, before sending 3,000 ETH. According to Look On Chain data, the transfers could be a possible donation from Buterin.

Per Etherscan, the transaction has attracted around 0.1 ETH in gas fees (about $270). The transfer comes in line with Buterin’s 3,000 ETH move to vitalik.eth wallet on August 5.

Multi-sig wallets are one of the most advanced security-enhancing tools. It utilizes multiple private keys to access cryptocurrency assets or transfer them. Buterin’s transaction to a multi-sig shows his advocacy for privacy and security.

Currently, Vitalik.eth wallet holds just over 400 ETH, valued at $1 million, Etherscan revealed. On August 5, the wallet’s total holdings were reported to be 245,233 ETH, having a market price of $571.72 million.

On the same day, the Ethereum co-founder sold all 17.145 billion Neiro tokens that he received from the Neiro team, which he converted to 44.53 ETH, equivalent to $112.5K at the time.

Vitalik Buterin’s Recent ETH Donations

This isn’t the first time Buterin has transferred to a multi-sig wallet, suspected to be a donation. In July, the crypto entrepreneur made a donation of 100 ETH to 2077 Collective, a community-based organization focused on promoting Ethereum adoption.

Arkham Intelligence reported that the transfer, valued at approximately $300,000 at the time, was sent to a multi-signature wallet.

Previously, he also supported the legal defense of Tornado Cash developers Alexey Pertsev and Roman Storm, by donating 30 ETH.

The on-chain data revealed that the donations came from the vitalik.eth address on May 30.