According to blockchain monitoring platform lookonchain, Bitcoin early adopter and ShapeShift founder Erik Voorhees recently executed a notable acquisition of gold-backed crypto assets, as revealed in data dated February 11.
The data shows this cryptocurrency industry pioneer strategically built new positions in PAXG tokens through nine freshly created wallet addresses.
Key transaction details include:
- Acquisition of 1,382 PAXG tokens
- Total investment amounting to $6.81 million in USDC
- Average purchase price of approximately $4,926 per token
This move highlights early crypto investors' confidence in tokenized gold assets and reflects growing market interest in digital precious metals as an investment category.