Rare Casascius Bitcoin Redeemed for $1.78 Million After 12 Years
- A physical bitcoin from the Casascius mint, valued at $66,654.81, had its hologram seal removed.
- The coin contained 25 BTC, worth approximately $1.70 million at current prices.
- This redemption occurred in Bitcoin block number 952,159 during a week of unusual activity in dormant wallets.
- Fewer than twenty of the original thousand-BTC denomination pieces were minted, most of which remain intact.
- Thousands of Casascius coins across all denominations remain unredeemed, according to trackers.
Casascius coins were created by Mike Caldwell and feature a private key concealed under a tamper-evident hologram. The removal of this hologram allows holders to access the bitcoin but destroys the coin’s collectible status.
The recent redemption highlights the ongoing interest in Bitcoin collectibles, with this particular piece converting into pure bitcoin valued at $1.78 million.(Source)
