Enigmatic Bitcoin Enthusiast Invests 64K Dollars to Embed 9MB of Information on Bitcoin

Crypto News- Recently, an unidentified Bitcoin enthusiast reportedly spent approximately $64,000 in fees to embed nearly 9 megabytes of raw binary data into the Bitcoin blockchain. According to a post on X (formerly Twitter) from the Ord.io explorer on January 7, over 1 Bitcoin (BTC) was utilized for 332 inscriptions around 11:20 am UTC on January 6, consisting of ‘raw binary data.’

Enigmatic Bitcoin Enthusiast Invests 64K Dollars to Embed 9MB of Information on Bitcoin

Despite the substantial investment, the content of the data remains a mystery. Even attempts to use OpenAI’s ChatGPT for decryption have proven unsuccessful. Leonidas, the host of The Ordinal Show, noted in a January 7 post, ‘Some people are saying it may be encrypted, so potentially impossible/very hard to decrypt FYI.’

The Bitcoin address involved in this enigmatic inscription spree, labeled as ‘Unnamed’ on Ord.io, is ‘bc1pnp…zwd0th.’

Mysterious Bitcoin Transaction: 64,000 Dollars Spent on Enigmatic Data Entry

The encrypted data contains a mix of English, Greek, and mathematical symbols. Interestingly, two out of the 332 inscriptions feature a digital pepperoni pizza, indicating sats from the 10,000 BTC used to buy two pizzas from Early Bitcoin contributor Laszlo Hanyecz on May 22, 2010.

This recent cryptographic puzzle emerges just a day after a significant 26.9 BTC, valued at $1.17 million, was sent to Bitcoin’s Genesis wallet—the first-ever created Bitcoin wallet—on January 5. This event triggered various theories from industry experts.

Conor Grogan, Coinbase’s director, speculated whether Satoshi Nakamoto ‘woke up’ and moved Bitcoin from Binance, or if someone simply ‘burned a million dollars.’ Pro-XRP lawyer Jeremy Hogan suggested that this action might be an attempt to reveal the anonymous Bitcoin creator, forcing them to report the funds to the United States Internal Revenue Service or violate the law.

However, some critics argued that this theory would only be valid if Nakamoto were subject to U.S. tax laws.