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Two Casascius Coins Holding 2K BTC Moved After 13 Years of Inactivity
Source: CryptoNewsNet Original Title: Two Casascius Coins Holding 2K BTC Moved After 13 Years of Inactivity Original Link: Two long-dormant bitcoin wallets tied to physical Casascius coins moved a total of 2,000 BTC, worth roughly $180 million after more than a decade of inactivity.
The coins had been untouched since 2011 and 2012, when bitcoin was trading for less than $15 versus today’s price just shy of $90,000. The movement was confirmed by a blockchain explorer tracking the addresses.
Casascius coins are physical collectibles containing embedded private keys, made by Utah-based entrepreneur Mike Caldwell beginning in 2011. The coins, issued in denominations ranging from 1 to 1,000 BTC, were designed as offline cold storage.
Each coin came with a tamper-evident holographic seal to protect the key underneath. Caldwell stopped producing pre-funded coins in late 2013 after the U.S. Financial Crimes Enforcement Network (FinCEN) labeled him an unregistered money transmitter.