Bitwise’s public BTC address has seen thousand of donations within hours and the most popular donations have come in the form of Ordinals inscriptions.
Asset management firm Bitwise made the Bitcoin address of its spot BTC exchange-traded fund (ETF) public on Jan. 24, becoming the first of the 10 spot BTC ETF issuers to do so. The Bitcoin wallet address has received multiple tips and donations within hours of being public, including some Bitcoin ordinals and rare sats.
The wallet address currently holds inscriptions donations worth $6,083 and holds a total of over 16,000 inscriptions. These inscriptions include two RSIC airdrops, one Bitcoin Punk, one Bitcoin Burials, one Quadkey, and several others. The account also holds thousands of BRC-20 inscriptions; however, there are no valid/active BRC-20 balances in the account.
Ordinals create Bitcoin-based nonfungible tokens (NFTs) by inscribing data such as images, videos, and more to an individual satoshi on the base Bitcoin blockchain. A satoshi is the smallest unit of Bitcoin, where 100,000,000 satoshis are in a single Bitcoin. Ordinals only came into existence last year but surprised the crypto community.
