Bitcoin News Today: Five Bitcoin addresses, all created on April 10, 2014, simultaneously transferred a combined 107 BTC, worth about $8.2 million at prevailing market prices, to a known copy address. 1111111111111111111114oLvT2 On Monday, funds were permanently removed from the circulating supply of Bitcoin in a move that on-chain analyst Sani (SaniExp) was among the first to publicly announce.
The simultaneous timing, identical construction of coefficients, and deliberate lock-time parameters almost immediately ruled out coincidence, sending observers across the X into a series of competing theories about motive, identity, and intent.
We believe this is less a story about a dramatic mystery burn than a structural indication about the deep complexity with which long-dormant Bitcoin holders — whether individuals, groups, or automated systems — engineer irreversible exits from the network. Mechanics matter more than motivation here, and the record on the series is unusually clear.
source: CD
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Bitcoin News Today: The burning mechanism and what the on-chain ledger determines
The mechanism works as follows: Burn Bitcoin address, e.g 1111111111111111111114oLvT2 – Sometimes referred to in community abbreviation as a 1bitcoin eaterA -style destination is a valid address for which there is no corresponding or extractable private key, meaning that any BTC sent to it is permanently inexpendable under Bitcoin’s current cryptographic rules.
The five sending addresses – 16g5hMoREWqMcaQGvnCHCWPheotD99bVQt, 1PkWqW1P7KsxYXsAnWMPru6NNTfBeiRT6V, 1LieqLD1qNadbQrSGjYAUT3tVL2w4cxXQu, 14UNkCVPDQFCZAvq3j4vUQ6h6pHwBtegMaand 1JtpAuksysZdwzkCjwQpTG5mzE8BRq7qmh, Each sent their entire credit in one exit, leaving all five titles at exactly zero.
The total fee paid across all five transactions was just $5.56 at a rate of 1.81 sat/vByte, although on-chain analysts noted that this was almost double the prevailing fee level for this block range, suggesting that the sender prioritized immediate inclusion once the lock time expired.
🚨107 Bitcoin worth $8.3 million gone forever
Five long-dormant wallets suddenly transferred 107 bitcoins to the copy address yesterday, permanently removing nearly $8.3 million worth of bitcoin from circulation after remaining untouched for more than 11 years.
Destroying this much… pic.twitter.com/gcNdGW6xJR
— Currency Bureau (@coinbureau) May 27, 2026
Each transaction shares a locktime block 950,958the same graphic substitution setup, multiple UTXOs merged into a single output, pre-signature compatible fingerprinting and automated broadcasting by a single operator instead of five independent parties working in coordination.
Execution was synchronized to the second across all five wallets, Protos reports, citing on-chain data. MEXC’s on-chain review noted that the original pool had been accumulating since 2014, with its total BTC position peaking at approximately $2.5 million in late 2025 before being completely destroyed in the event.
It is necessary to mention the cognitive state in several details here. Blockchain analytics firm AMLBot has claimed that some entries bear historical associations with Address of the defunct Mt.Gox stock exchange infrastructure, but does not explicitly identify the actual sender or link the transfer to the ownership of Mt.Gox or its custodian. As of this writing, no court filing, official trustee communication, or creditor notice has confirmed any connection to Mt.Gox.
The motive, identity of the operator, and exact cause of the automated broadcast have not been verified. What the on-chain record confirms, unequivocally, is the destruction itself: 107 bitcoins were removed from the bitcoin supply, and the copy address now contains 807 bitcoins worth a total of about $61 million, which, under current network rules, are permanently inaccessible to any party.
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Daniel Francis is a technical writer and Web3 educator specializing in macroeconomics and DeFi mechanics. A crypto native since 2017, Daniel brings his background in cross-chain analytics to author evidence-based reports and detailed guides. It is certified by the Blockchain Council and is dedicated to providing “information gain” that cuts through the market noise to find blockchain’s real-world utility.
