Two long-dormant wallets associated with Casascius physical bitcoins recently transferred about 2,000 BTC, worth approximately $180 million, after being untouched for over a decade. These BTC had not been moved since 2011 and 2012, when the price of bitcoin was less than $15, compared to nearly $90,000 today. Casascius was once a physical offline storage solution with embedded private keys, but production ceased in 2013 due to regulatory pressure from FinCEN. Currently, around 90,000 physical coins remain in circulation, most containing only small amounts of BTC, with only 6 coin and 16 bar versions containing 1,000 BTC each. (CoinDesk)
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Two long-dormant wallets associated with Casascius physical bitcoins recently transferred about 2,000 BTC, worth approximately $180 million, after being untouched for over a decade. These BTC had not been moved since 2011 and 2012, when the price of bitcoin was less than $15, compared to nearly $90,000 today. Casascius was once a physical offline storage solution with embedded private keys, but production ceased in 2013 due to regulatory pressure from FinCEN. Currently, around 90,000 physical coins remain in circulation, most containing only small amounts of BTC, with only 6 coin and 16 bar versions containing 1,000 BTC each. (CoinDesk)