Historic Activation of Bitcoin-Backed Casascius Coins Unlocks Over $179 Million Two vintage Casascius physical coins, each embedded with 1,000 Bitcoin, have recently been activated after more than 13 years, revealing a combined value exceeding $179 million. The discovery underscores the enduring allure of physical Bitcoin collectibles and highlights the remarkable growth of the cryptocurrency market since these coins were initially minted. Onchain analysis shows that one of these Casascius coins was minted in October 2012 when Bitcoin's price was approximately $11.69. The other was produced earlier in December 2011, at a mere $3.88 per Bitcoin. This means that the latter coin has an unrealized theoretical gain of around 2.3 million percent, not accounting for minting costs, illustrating the extraordinary appreciation of Bitcoin over the past decade. A Brief History of Casascius Coins Created by Utah-based entrepreneur Mike Caldwell, Casascius coins are physical metal tokens designe...
Get real-time cryptocurrency news, blockchain updates, market analysis, and expert insights. Explore the latest trends in Bitcoin, Ethereum, DeFi, and Web3.