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Data: 2000 Bitcoins Worth Approximately $180 Million Transferred from 13-Year Dormant Casascius Physical Coins
Summary: According to CoinDesk, two wallets related to Casascius physical bitcoins recently transferred a total of 2000 bitcoins, worth approximately $180 million, after being dormant for over a decade. These bitcoins have been untouched since 2011 and 2012, when the price of bitcoin was less than $15, compared to nearly $90,000 now. Casascius physical coins, created ...
According to CoinDesk, two wallets related to Casascius physical bitcoins recently transferred a total of 2000 bitcoins, worth approximately $180 million, after being dormant for over a decade. These bitcoins have been untouched since 2011 and 2012, when the price of bitcoin was less than $15, compared to nearly $90,000 now. Casascius physical coins, created by American entrepreneur Mike Caldwell in 2011, contain embedded private keys and come in denominations ranging from 1 to 1000 BTC. Each coin is equipped with tamper-evident holographic seals to protect the private key underneath. The specific purpose of this transfer is unclear, possibly for sale, internal restructuring, or as a precautionary measure to preserve access. It may also be related to the degradation of physical components, similar to earlier reports this year of a user struggling to import the key into modern wallets after revealing the holographic image of their 100 BTC Casascius bar.
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Link: Data: 2000 Bitcoins Worth Approximately $180 Million Transferred from 13-Year Dormant Casascius Physical Coins [Copy]
