# Someone Burned 107 Bitcoin

Page: https://stenobird.com/podcast/good-for-bitcoin-7094119/someone-burned-107-bitcoin
Text version: https://stenobird.com/podcast/good-for-bitcoin-7094119/someone-burned-107-bitcoin.md
Podcast: [Good for Bitcoin](https://stenobird.com/podcast/good-for-bitcoin-7094119)
Published: 2026-05-29T18:57:31+00:00
Episode link: https://api.riverside.com/hosting-analytics/media/fb3295178d753daf8aab8df14f6007b2c0e9fd804d9dd27cfaed4e941638b1c1/eyJlcGlzb2RlSWQiOiI1YjY0ZTNiMy04NjE5LTQ4NTEtOGYzMi0wMTUwM2FiYzdhZTkiLCJwb2RjYXN0SWQiOiI4ODVmNjFiYS05NGQ4LTRlMDUtOTk4MS1mYzc4YjUwNmYwZWYiLCJhY2NvdW50SWQiOiI2OGRiZjAxYzI4Y2E3NjNlY2MyZjIzNDQiLCJwYXRoIjoibWVkaWEvY2xpcHMvNmExOWRmNWJhZmI3ZDdjODZlOWY1YTk4L2dvb2QtZm9yLWJ0Yy1jb21wb3Nlci0yMDI2LTUtMjlfXzIwLTQ3LTU1Lm1wMyJ9.mp3
Audio file: https://api.riverside.com/hosting-analytics/media/fb3295178d753daf8aab8df14f6007b2c0e9fd804d9dd27cfaed4e941638b1c1/eyJlcGlzb2RlSWQiOiI1YjY0ZTNiMy04NjE5LTQ4NTEtOGYzMi0wMTUwM2FiYzdhZTkiLCJwb2RjYXN0SWQiOiI4ODVmNjFiYS05NGQ4LTRlMDUtOTk4MS1mYzc4YjUwNmYwZWYiLCJhY2NvdW50SWQiOiI2OGRiZjAxYzI4Y2E3NjNlY2MyZjIzNDQiLCJwYXRoIjoibWVkaWEvY2xpcHMvNmExOWRmNWJhZmI3ZDdjODZlOWY1YTk4L2dvb2QtZm9yLWJ0Yy1jb21wb3Nlci0yMDI2LTUtMjlfXzIwLTQ3LTU1Lm1wMyJ9.mp3
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JSON: https://stenobird.com/v1/public/podcasts/good-for-bitcoin-7094119/episodes/someone-burned-107-bitcoin
Duration seconds: 1896

## Resource

Someone moved 107 Bitcoin — nearly $8 million — out of ten-year-old, Mt. Gox-era addresses and torched it in a single burst of transactions on Monday. No note, no explanation. Brandon and Kate run the theories, then work through a packed week of treasury moves, Kraken's "native Bitcoin" yield product, and Stacks finally winning over Bitcoin Magazine. In this episode of Good For Bitcoin, Brandon and Kate discuss: Quick recap of Wednesday's Hermetica episode: the hBTC cap went from 50 → 75 BTC and filled in under 24 hours — again. Go watch it if you missed it. Treasury watch: Strive adds 1,109 BTC to reach 16,500 BTC, edging past Coinbase's holdings by 8 BTC; DDC Enterprise adds 131 BTC for 2,714 total. Strategy buys back $1.5B of its 2029 convertible bonds at ~92 cents on the dollar — trimming total debt from $8.2B to $6.7B, with $871M still reserved to fund STRC payments. 🔥 The mystery: someone emptied five reused, Mt. Gox-era addresses (originally funded with 136 BTC back in April 2014) and sent ~107 BTC — almost $8M — to a provably-unspendable burn address, all in the same minute. Theories range from tax-loss harvesting to a vow of poverty to an AI agent gone rogue. A New York case tries to claw back Bitcoin losses on state grounds — Brandon and Kate think it gets tossed, since Bitcoin isn't a New York-only network. Kraken launches "Bitcoin Vaults," marketed as Bitcoin in, Bitcoin out — but under the hood it's KBTC wrapped onto the Ink network, routed through Veda vaults and Aave/Morpho strategies managed by Santora. It's CeFi yield; just be honest about the trust assumptions. Stacks lands its biggest validation yet: UTXO Management — David Bailey's asset arm, now folded into Nakamoto, parent of Bitcoin Magazine and the Bitcoin Conference — becomes the inaugural part…

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## Transcript

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