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Bitcoin’s Third Largest Wallet Changed Hands, but Onchain Data Shows It’s Likely the Same Owner

December 4, 2022 Bitcoin.com

1FzWLk

Last year and during the first half of 2022, speculators assumed the third-largest bitcoin address was a ‘mysterious whale,’ even though the wallet had shown strong characteristics of being a cryptocurrency exchange. The address known as “1P5ZED” has since been replaced by another address, after the wallet started to transfer its entire bitcoin balance in […]

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‘BITSANITY’ — Records broken with $70B in volume for Bitcoin stocks, ETFs

Onchain Analysis Verifies the Number of BTC Held by Grayscale’s Bitcoin Trust

November 24, 2022 Bitcoin.com

633K bitcoin

After Grayscale Investments shared information concerning the company’s product holdings, people questioned why the firm wouldn’t share the public addresses associated with the crypto assets it holds. However, on Nov. 23, OXT researcher Ergo published a Twitter thread featuring onchain forensics that confirm Coinbase Custody holds a balance of 633K bitcoin that likely belongs to […]

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‘BITSANITY’ — Records broken with $70B in volume for Bitcoin stocks, ETFs

Rumors Claim Large Bitcoin Wallet Is a Whale’s Stash or Microstrategy’s Wallet Despite Conflicting Data

April 21, 2022 Bitcoin.com

3rd largest address

Five months ago, Bitcoin.com News published a story concerning the speculation surrounding the third-largest bitcoin wallet, as many observers believe the address is a mega whale. The report noted at the time that the address “1P5ZED” shows all the tell-tale signs that it’s an exchange platform, but to this very day speculators still assume and […]

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‘BITSANITY’ — Records broken with $70B in volume for Bitcoin stocks, ETFs

While Speculators Believe Bitcoin’s Third-Largest Wallet Is a Mystery Whale, Onchain Data Suggests It’s an Exchange

November 20, 2021 Bitcoin.com

3rd largest address

The price of bitcoin has dipped below the $60K zone, a number of people have been talking about the third-largest bitcoin address called “1P5ZED” which has accumulated thousands of bitcoin during the last few days. Nobody knows who the owner of the wallet is but it holds more than 111,359 bitcoin, as it’s been steadily […]

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‘BITSANITY’ — Records broken with $70B in volume for Bitcoin stocks, ETFs

Highly Anticipated Bitcoin Upgrade Taproot Activates — Taproot Script-Spends Seen in the Wild

November 14, 2021 Bitcoin.com

709632

Bitcoin advocates are celebrating the successful implementation of the Taproot upgrade after block height 709,632. The upgrade was highly anticipated as it was one of the biggest changes since the introduction of Segregated Witness (Segwit) in 2017. After the upgrade was completed, the Bitcoin community discussed the slew of benefits Taproot and Schnorr signatures have […]

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‘BITSANITY’ — Records broken with $70B in volume for Bitcoin stocks, ETFs

$1.4M in Bitcoin Remains Idle — The Curious Case of the 37-Day-Old 2009 Block Reward Spent a Year Ago

June 2, 2021 Bitcoin.com

2009

Approximately 378 days ago, before the bitcoin bull market started to heat up, a unique block was spent stemming from a coinbase reward created 37 days after the Bitcoin network launched. It seems roughly ten coins from the block reward were sold to an exchange, but 40 bitcoin worth $1.4 million at today’s exchange rates […]

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‘BITSANITY’ — Records broken with $70B in volume for Bitcoin stocks, ETFs