According to ChainCatcher, citing a CoinDesk report, two wallets associated with Casascius physical bitcoins recently moved a total of 2,000 bitcoins, worth approximately $180 million, after lying dormant for over a decade. These bitcoins had not been touched since 2011 and 2012, when the price of bitcoin was less than $15, compared to nearly $90,000 now.
Casascius physical coins were created by Utah entrepreneur Mike Caldwell starting in 2011. They are tangible collectibles containing embedded private keys, with face values ranging from 1 to 1,000 BTC. Each coin comes with a tamper-evident holographic seal to protect the private key underneath. Caldwell ceased production of pre-funded coins at the end of 2013 after the U.S. Financial Crimes Enforcement Network (FinCEN) designated him as an unregistered money transmitter.
The exact purpose of these recent transfers is unclear; it could be for sale, internal restructuring, or precautionary measures to preserve access. It might also be related to the physical components degrading, similar to an incident earlier this year in which a user claiming to own a 100 BTC Casascius bar reported difficulty importing the key into modern wallets after peeling off the hologram.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
NewsAlert: Trump Issues Iran Ultimatum – How BTC, ETH, And XRP is Reacting
Trump raised the temperature again with a fresh Iran deadline and warnings of overwhelming force. The rhetoric was extreme, and markets treated it as immediate macro risk.
To be precise, widely cited reports quote Trump saying Iran could be destroyed “in one night” if no deal is reached, not
LiveBTCNews48m ago
Yesterday, Bitcoin spot ETFs saw net outflows of $291 million, with Fidelity’s FBTC recording outflows of $229 million
On April 13, spot Bitcoin ETFs saw net outflows of $291 million, with Fidelity’s FBTC experiencing the largest outflow at $229 million. Products that recorded net inflows included BlackRock’s IBIT, Bitwise’s BITB, and Morgan Stanley’s MSBT.
GateNews52m ago
Giant whales holding assets worth over $100 million are increasing their positions in BTC and taking short positions in ETH, with a cumulative loss of over $66.19 million
According to OnchainLens monitoring, on April 14, a whale that opened a short position of 255 BTC increased its BTC and ETH short positions. Its current unrealized loss is over $4 million, its cumulative loss is over $66.19 million, and the value of the BTC and ETH it holds is $76.70 million and $24.40 million, respectively.
GateNews57m ago
