Someone just burned $8.5M worth of Bitcoin by sending 107 BTC to a burn address
An anonymous individual sent 107 Bitcoin, valued at approximately $8.5 million, to a burn address, permanently removing the coins from circulation. This act was executed through five separate transactions, indicating a deliberate decision rather than a mistake. The event has raised questions about the motivations behind such a significant destruction of assets.
- ▪The Bitcoin was sent to a well-known burn address, which has an unspendable public key.
- ▪The originating wallets date back to 2014 and 2015, possibly linked to exchanges like Poloniex and Bitfinex.
- ▪The burn address now holds over 807 BTC, worth more than $62 million at current market prices.
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Someone just burned $8.5M worth of Bitcoin by sending 107 BTC to a burn address Five carefully timed transactions from decade-old wallets permanently removed over 100 Bitcoin from circulation, and nobody knows who did it or why. Share Add us on Google by Editorial Team May. 26, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); On May 25, an anonymous holder sent 107 Bitcoin, worth roughly $8.5 million, to one of the most famous…
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