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A British man who gave up searching for a hard drive containing 8000 BTC plans to issue Ceiniog Coin, having previously aimed to issue coin for fundraising.
BlockBeats news, on August 5, a British man who abandoned the search for a hard drive containing 8000 BTC in a landfill stated that he would tokenize the Bitcoin in his lost wallet, converting it into 800 billion Ceiniog Coin (INI), locking the value of Satoshi at a 1:1 ratio. Ceiniog Coin will be built on Bitcoin; based on OPRETURN implementation, integrated with Stacks; Runes, and Ordinals; and is set to launch by the end of 2025. On May 29, the man also mentioned that he would tokenize 21% of the lost 800 Bitcoin wallet into LTT tokens, raising $75 million across multiple issuance tiers, with the issuance date set for October 1.
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