One BTC Blockchain Block Contains 25 Transactions Worth $6 Billion In Bitcoin Value


Apparently, multiple high-value BTC transactions were heaped together into one block on June 30th. Reported by a Twitter user named ‘Bitcoin Block Bot,’ it revealed that all the $6 billion worth of transactions, 25 of them, had been included in block 583,139.

Bitcoin Block Bot, @BtcBlockBot, has gained fame and followers, thanks to its unrivaled reporting of all-things Bitcoin. It provides regular updates on BTC and the Blockchain to its over 21k followers and the entire crypto community on Twitter.

According to AmbCrypto, a popular crypto news outlet, the entire chunk of transactions together formed a much bigger and linear transaction. It reported that Wallet 1 which started the string of operations wired BTC numbering 24,392.93062596 to Wallet 2 and a further 300 BTC to Wallet 3.

AmbCrypto further reported that the last address, which also doubled up as the receiving wallet in the entire 25 transactions, received 5,800 BTC. However, Wallet 2 later sent 300 BTC to the 3rd wallet before wiring 24,092.93013651 more to the fourth wallet. The chain reportedly went on and on for all 23 transactions.

One Transaction Came With A Bizarre Message

Interestingly, one particular transaction had head-turning output scripts. The transaction, allied to1BUYBTC1oYQtAjktSRZUtjkeBJ15ABc5bb, a vanity address, seemingly from a Bitcoin buyer, had an email address ([email protected]) and a message letting traders know that they buy BTC.

However, as of the time of writing this, the 3rd wallet had registered 440,505 transactions and cumulatively received 5,959,532 BTC. It was holding about 6,445 BTC, equivalent to about $72.5 million.

It should be remembered that Mike Novogratz, the founder of Galaxy Digital, and this past week made a bold prediction on Bitcoin. Novogratz, a famous crypto fan, had said that the coin’s final price would rest at anywhere between $10,000 and $14,000. His forecast was later followed by Thomas Lee’s suggestion that the volatility witnessed can make be best utilized by traders in their long-term approach of Bitcoin.

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