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....
Key takeaways
- 1A rare 25-BTC Casascius physical coin from 2011-2013 was redeemed, converting $1.78 million worth of bitcoin from collectible status to digital wallet.
- 2Casascius coins embed real bitcoin under tamper-evident holograms; intact coins command numismatic premiums over face value in collector markets.
- 3Fewer than 20 Casascius 1,000-BTC coins were minted; most remain intact and would each hold approximately $66 million in current bitcoin value.
Coins in this story
Why it matters
This redemption highlights the liquidity premium in old bitcoin holdings and reflects broader dormancy awakening in crypto markets. For Indian retail investors, it demonstrates how collectible crypto assets trade at valuations above spot price, and underscores the significance of early Bitcoin adoption and long-term holding patterns in wealth accumulation.
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