Dormant Bitcoin Wallets Burn 107 BTC Worth $8.3 Million
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The post Dormant Bitcoin Wallets Burn 107 BTC Worth $8.3 Million appeared first on Coinpedia Fintech News
Five long-dormant wallets transferred 107 Bitcoin — worth roughly $8.3 million — to a burn address, permanently removing the coins from circulation after more than 11 years of inactivity. Burn addresses are inaccessible wallets with no known private keys, meaning the funds cannot be recovered or spent again. The event slightly reduces Bitcoin’s already limited …
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