Mystery Bitcoin Burn: 11-Year Dormant Wallets Torch $8.3M in BTC
The burned Bitcoin would have been worth nearly $13.4 million when the OG crypto was at its $126,000 peak in October last year.
Crypto News·
A dormant Bitcoin whale has burned more than $8 million worth of BTC after moving funds that had reportedly remained inactive for over a decade. According to Lookonchain, five wallets transferred a combined 107 Bitcoin worth roughly $8.3 million to…
Read full articleThe burned Bitcoin would have been worth nearly $13.4 million when the OG crypto was at its $126,000 peak in October last year.
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Bitmine has made its largest Ethereum (ETH) buy of the year during the recent market dip, reaffirming the firm’s bullish outlook on the leading altcoin and continued accumulation strategy. Related Reading: Bitcoin At A Crossroads: Two Key Levels Will Define BTC’s Next Major Move, Analyst Says Bitmine Ramps Up Ethereum Purchases On Tuesday, Bitmine Immersion Technologies, the world’s largest Ethereum treasury, announced its largest purchase since December 2025, having acquired roughly $238 million in ETH over the past week. In its latest update, the company shared it purchased 111,942 ETH during the recent market pullback, which sent the King of Altcoins below $2,200. Bitmine’s Chairman, Tom Lee, affirmed that last week’s correction represented “an attractive opportunity” to increase the company’s holdings. “We continue to expect a supercycle ahead for crypto and Ethereum, driven by the dual drivers of Wall Street tokenization and agentic-AI. And thus, we continue to steadily acquire ET
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South Korea crypto trading falls to 8% of KOSPI volume as stocks rise, exchange activity slows and Bitcoin trades at a local discount.
In crypto news today, the market is struggling during this midweek trading session on May 27, 2026, with the Bitcoin price losing support at $76,000 and currently down 1.2% on the day, trading around $75,800. ETH USD is in a similar position, having lost the $2,100 level and flirting dangerously with heavy psychological support at.. The post Crypto News Today (May 27): Bitcoin Loses $76K as Institutions Continue to Sell ETH & BTC appeared first on 99Bitcoins.