tldr; Two rare Casascius coins, each containing 1,000 Bitcoin, were activated after 13 years, unlocking over $179 million. Casascius coins, physical collectibles minted between 2011-2013 by Mike Caldwell, contain embedded Bitcoin and tamper-resistant holograms. Only a few 1,000 BTC coins and bars were made before Caldwell ceased operations due to regulatory concerns. Redeeming these coins transfers their Bitcoin value to a digital wallet, but does not necessarily mean the Bitcoin will be sold immediately.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
DryMyBottom on
what even is a casascius coin?
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tldr; Two rare Casascius coins, each containing 1,000 Bitcoin, were activated after 13 years, unlocking over $179 million. Casascius coins, physical collectibles minted between 2011-2013 by Mike Caldwell, contain embedded Bitcoin and tamper-resistant holograms. Only a few 1,000 BTC coins and bars were made before Caldwell ceased operations due to regulatory concerns. Redeeming these coins transfers their Bitcoin value to a digital wallet, but does not necessarily mean the Bitcoin will be sold immediately.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
what even is a casascius coin?