25 Bitcoin Transactions Worth $6 Billion Included in One Block

Several high-value bitcoin (BTC) transactions were included in a single block on June 30.

Bitcoin Block Bot, a Twitter account dedicated to reporting significant bitcoin (BTC) transactions reported that 25 bitcoin transactions worth $6 billion were included in block 583,139 on June 30.

Cryptocurrency news outlet AmbCrypto reported that all the transactions formed a bigger, linear transaction. Wallet 1 initiating the transaction sent 24,392.93062596 BTC to wallet 2, and 300 BTC to wallet 3. This last address received a total of 5,800 BTC, and was a receiving wallet in all 25 transactions.

Wallet 2 also transferred 300 BTC to wallet 3 and 24,092.93013651 to a fourth wallet in a chain that continued for 23 transactions. Curiously, one transaction, coming from vanity address 1BUYBTC1oYQtAjktSRZUtjkeBJ15ABc5bb, contained the following message in its output scripts:

“We'll buy your Bitcoins. sell.buy.bitcoin@protonmail.com”

As of press time, wallet 3 has performed 440,505 transactions, received a total of 5,959,532 BTC, and currently holds nearly 6,445 BTC ($72.5 million). 

As Cointelegraph reported earlier this week, Galaxy Digital founder and crypto enthusiast Mike Novogratz predicted that Bitcoin’s price will stabilize between $10,000 and $14,000.

The same day, Fundstrat Global Advisors co-founder Thomas Lee said that bitcoin’s unpredictable volatility makes it more favorable for long-term investors instead of day-traders.