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An anonymous holder burned $8.5M worth of Bitcoin by sending 107 BTC to a permanent burn address.

Market News
26 May 2026
Crypto Briefing
View Source
Neutral
pluang ai news

On May 25, an anonymous Bitcoin holder permanently removed 107 BTC, worth about $8.5 million, by sending it to a well-known unspendable burn address. The coins came from wallets dormant for nearly a decade, suggesting a deliberate act rather than an accident. This burn address now holds over 807 BTC, worth more than $62 million, but the market showed little reaction as many millions of Bitcoin are already considered lost. The event highlights a rare choice to destroy Bitcoin rather than sell, possibly for ideological or strategic reasons, without impacting overall market supply significantly.

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