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15 Years Inactive, Casascius Coin Containing 25 BTC Finally Redeemed

Another physical relic from the early Bitcoin era has been officially redeemed and entered the market. A rare physical Casascius Bitcoin coin containing 25 BTC has just been redeemed after 15 years of inactivity. When the physical coin was created in December 2011, the value of the 25 BTC inside was less than $100. But at current prices, that Bitcoin has skyrocketed in value to around $1.78 million. This redemption also marks the end of the coin's status as a collectible item.
This rare coin is part of the Casascius Physical Bitcoin collection created by developer Mike Caldwell between 2011 and 2013. Each coin features a Bitcoin address visible on the surface and a private key sealed with a special hologram. To redeem the Bitcoin inside, the owner must peel off the hologram, which automatically removes the coin's premium as a physical artifact sought by collectors.
This is not the first such event, but adds to the long list of early Bitcoin era coins re-entering the market. Out of a total of 345 Casascius pieces from the first batch series of 25 BTC, Casascius Tracker data records that 236 coins have now been redeemed. The latest redemption coincides with a trend of dormant wallets from 2011, where in the same week, a separate wallet was reported to have moved 35 BTC after 15 years of inactivity.