According to information shared by Ord.io, an anonymous wallet address has sent 332 transactions on the Bitcoin network, using these transactions to engrave (or write) approximately 9 terabytes of encrypted data onto the Bitcoin blockchain, meaning that this encrypted data is now permanently stored in the ledger of the Bitcoin network.
Statistics show that this wallet has spent approximately 1.5 bitcoins on these transactions, equivalent to $66,000 in USD value.
It is currently unclear what the motive behind this wallet’s actions is, and since the data is encrypted, no one is currently able to read or understand the contents of this data.
It is worth noting that this is not the only strange event that has recently occurred on the blockchain network. According to on-chain data, last week an anonymous wallet sent 26.9 bitcoins (equivalent to $1.2 million) to the Genesis wallet (the first wallet created on the Bitcoin network), which is widely believed to belong to Bitcoin’s creator Satoshi Nakamoto. However, since Satoshi Nakamoto’s wallet has not been active since 2010, this amount of money may never be retrieved.
Conor Grogan, a director at Coinbase, stated on X: “Either Satoshi woke up and bought 27 bitcoins on Binance, then deposited them into a wallet, or someone just burned $1 million.”