Two Casascius coins with $2,000 Bitcoin move after 13 years of dormancy
Key Takeaways
- Two Casascius physical Bitcoin coins containing about $2,000 moved after 13 years of dormancy.
- Casascius coins are rare, physical coins embedding private keys beneath a tamper-evident hologram.
Two Casascius physical Bitcoin coins containing approximately $2,000 worth of Bitcoin moved this week after remaining dormant for 13 years, according to Timechain Index founder Sani.
Casascius, which creates physical Bitcoins that embed real crypto value through a private key concealed beneath a tamper-evident hologram, allows holders to redeem the associated Bitcoin on the blockchain. The coins include a private key hidden under the hologram, intended to secure the Bitcoin until the owner chooses to access it.
These physical Bitcoin coins are considered rare collectibles due to their early issuance, making any movement of such coins a rare occurrence for crypto observers. The coins were among the earliest physical representations of Bitcoin, creating historical artifacts that bridge the digital currency’s early days with its current market presence.
Casascius coins and similar physical Bitcoin representations sometimes become active after extended periods of inactivity, typically generating attention within the crypto community when holders decide to access their dormant holdings.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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