James Howell, who has been searching for his lost hard drive with 8000 BTC for 12 years, announced that he decided to tokenize the court claim. Thus, he commented on the messages that he had given up on the search.

No, I did not give up. This report may be true, but not in the way it is presented, - said Howell.

He explained that on July 1 he sent an official proposal to the leader of the Newport city council, its lawyers, and a member of parliament regarding the purchase and excavations at the landfill in Newport. The Brit was ready to pay for this between $33 million and $40 million. To raise funds for the purchase, Howell announced plans to release a token based on Ordinals in October, the cost of which would be 21% of the value of the lost wallet. However, despite the favorable offer, the representatives of the municipality did not respond to the message.

So, here is where we stand: if they do not sell the landfill, then there is no need for symbolic sale. I will no longer pursue the purchase of the landfill, I will no longer pursue excavations or reclamation, I will no longer engage in dialogue with the council or its representatives, - said Howell.

He clarified that he simply 'corrected' his strategy, but did not give up the lost bitcoins, as he remains the legal owner of 8000 BTC, citing a ruling from the High Court dated January 2025.

The council may own a hard drive, but it does not own the digital content of this hard drive - 8000 bitcoins are a legal acquisition, the balance of which can be verified by any person at any point in the world at any time, - said Howell.

Now he plans to tokenize his legal right to the lost 8000 BTC in the form of a new second-level smart token based on bitcoin called Ceiniog Coin (INI), using the forthcoming network update that removes the 80-byte limit for the OP_RETURN operation code in bitcoin transactions to free up space for additional functions.

The goal is to launch the Ceiniog ecosystem and create a successful, high-throughput, scalable payment-oriented platform among Web3 with fast transaction confirmations, secured by the bitcoin blockchain and backed by 8000 BTC, - said Howell.

The token launch is planned for autumn, and the ICO - for the end of the year.#BTCUnbound #BTCReserveStrategy #Write2Earn #Write2Earn! $BTC