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Crypto community members are currently actively discussing the news that one unlucky investor paid a commission of $120,381 for transferring just 1 bitcoin .

Information about this appeared on the Whale Alert platform for tracking large blockchain transactions.

A fee of more than 1 bitcoin was just paid for one transaction, the platform’s page says.

Many community members are wondering what caused this outage, since the typical fee ranges from a few cents to a few dollars, even during network congestion.
Some believe that such a high transaction fee is a mistake due to incorrect manual data entry. Others suggest that it could have been done intentionally to attract attention or test the network's data processing system. However, there is no clear explanation yet.

Incidents like these are not uncommon in the crypto space. In December 2024, another user paid 8.18 Bitcoin, which was worth over $800,000 at the time, to withdraw only 0.142 BTC.

Many holders of the asset are selling Bitcoin to lock in profits. On May 22, the flagship cryptocurrency reached a new high of $111,861, but then rolled back slightly to $111,727.

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The company's representatives cited the growing trend among public organizations and investment funds to diversify their assets through cryptocurrency as the reason for creating the Bitcoin reserve.

“We believe that Bitcoin represents an attractive long-term investment and a fundamental layer of modern diversification. This move reflects our broad commitment to fintech and blockchain innovation,” DigiAsia’s board of directors said.

The company said it would commit to spending at least 50% of its net profits on acquiring its first cryptocurrency and was evaluating the possibility of issuing convertible bonds or crypto-financial instruments linked to its Bitcoin reserves .
In addition, DigiAsia plans to implement strategies aimed at increasing the profitability of cryptocurrency investments, in particular, lending and staking.

Earlier, analysts from the JPMorgan banking holding reported that by the end of the year, the first cryptocurrency could outpace gold in terms of price growth , thanks to purchases by large companies and support from the authorities of some American states.

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The token appears to be in a consolidation phase near a four-month high, just shy of its all-time high of $109,288 reached in January.Bitcoin continued its upward trajectory on Wednesday, approaching its all-time high after the U.S. Senate advanced the GENIUS Act, a landmark stablecoin regulation bill, clearing previous legislative hurdles.

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