ACTUAL ONCHAIN BOATING ACCIDENT? On Monday, 5 bitcoin addresses sent ~107 BTC ($8.3m) to an old burn address, making the coins provably unspendable. Why would someone do this? The Galaxy Research team's best theories are in the thread below (spoiler: none are very good).

ACTUAL ONCHAIN BOATING ACCIDENT? On Monday, 5 bitcoin addresses sent ~107 BTC ($8.3m) to an old burn address, making the coins provably unspendable. Why would someone do this? The Galaxy Research team's best theories are in the thread below (spoiler: none are very good).

Why would someone burn 107 BTC? Some of our team's theories: - Tax loss harvesting. Maybe the sender thinks they can offset other gains by destroying the coins. Most are very old, so selling them would produce gains, not losses. - There could be religious reasons for destroying the coins. Certain