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Rare Casascius physical Bitcoin worth $1.78 million activated after 12 years of silence

金色财经_
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Gold Financial reports that on June 4th, according to CoinDesk, a rare physical Bitcoin from 2011-2013 by Casascius was activated on Wednesday, with its holographic anti-counterfeit label peeled off, and the 25 BTC stored (worth approximately $1.78 million) transferred to a new wallet. Casascius coins were created by software engineer Mike Caldwell, with denominations including 0.5, 1, 5, 10, 25, 100, and even 1000 BTC, each with a receiving address printed on the front and the private key hidden beneath the holographic anti-counterfeit label on the back. Holders can peel off the label at any time to import the private key and use the Bitcoin, but doing so will destroy the coin's collectible value.
Caldwell ceased production at the end of 2013 after informing the US Financial Crimes Enforcement Network that he was operating a money transmission business without a license. Casascius coins with intact holographic labels hold a special position in the collectibles market, combining the face value of Bitcoin with a collectible premium. The redemption coincides with a period of increased activity in long-dormant Bitcoin addresses, as yesterday a 2011 wallet transferred 35 BTC after 15 years of silence.
BTC-5.48%
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