Rare physical bitcoin worth $1.78 million gets cashed in after 12 years

Rare physical bitcoin worth $1.78 million gets cashed in after 12 years

The S1-COIN-25 physical bitcoin, part of Mike Caldwell's 2011-2013 mint, had its tamper-evident hologram peeled and the 25 BTC swept on-chain on Wednesday.

2011 Casascius Coin Holding 25 Bitcoin Redeemed at $1.78 Million During Selloff

A coin from 2011. Twenty-five Bitcoin. Roughly $1.78 million unlocked during one of the rougher stretches the crypto market has… Read the original on 2011 Casascius Coin Holding 25 Bitcoin Redeemed at $1.78 Million During Selloff. For more crypto news and analysis, visit TheCurrencyAnalytics.com.

A 2011 physical Bitcoin loaded with 25 BTC was just unlocked during the $62k selloff

A Casascius coin tied to 25 BTC moved this week, converting a 2011 physical Bitcoin artifact into spendable BTC during a broader market selloff. Galaxy Research identified the item as an S1-COIN-25 Casascius physical Bitcoin, a large-denomination piece from the era when Bitcoin could still be handed across a table as a loaded coin. The reported alert valued the 25 BTC at about $1.78 million at the time. The on-chain sequence is more precise than…

Collector Unseals $1.78M Casascius Physical Bitcoin After 12-Year Dormancy

Key Takeaways An original 25-bitcoin Casascius physical coin minted between 2011 and 2013 had its security hologram peeled off earlier this week. The coin contained 25 BTC valued at approximately $1.78 million, which were accessed on-chain for the first time in more than twelve years. The transaction appeared in Bitcoin block 952,159, processed by AntPool, with a minimal network fee of $2.79. On-chain records reveal that only 0.01 BTC was trans…

Casascius owner redeems $1.8M Bitcoin hidden since 2011

A Casascius physical Bitcoin containing 25 BTC has been redeemed after nearly 15 years, unlocking cryptocurrency now worth about $1.78 million. According to data tracked by Casascius Tracker, the coin was activated on-chain on June 3, giving its holder access…

Someone Just Redeemed a 15-Year-Old Physical Bitcoin, Scoring $1.78 Million in BTC

Physical Casascius coins were minted 15 years ago in the early days of Bitcoin—and the BTC held within is worth a whole lot more today.