107 BTC Sent to Burn Address After 11 Years of Dormancy

Five wallets that had sat untouched for roughly 11 years moved 107 BTC — worth approximately $8.3 million at current prices — directly to a burn address yesterday, permanently removing the coins from circulation.

Burn addresses are unspendable by design: any BTC sent there is gone forever, with no private key capable of recovering it. The deliberate destruction of $8.3M in Bitcoin is rare enough to be notable, though at this scale it has no measurable impact on BTC's circulating supply of roughly 19.7 million coins.

What makes the event unusual is the timing: the wallets had been dormant since approximately 2013-2014, a period when BTC traded for tens of dollars. The original holders either lost access to the keys long ago, or made a conscious — and costly — decision to destroy the coins.