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Two Dormant Casascius Coins Reactivated After 13 Years as Value Dispute Emerges

Conflicting on-chain reports leave the amount moved by the early physical Bitcoins unresolved.

Overview

  • Timechain Index founder Sani publicly flagged two Casascius items as moving on December 5–6 after more than a decade of inactivity.
  • NewsBTC, citing on-chain data, reports the pieces were two 1,000 BTC coins unlocking more than $179 million at recent prices.
  • Crypto Briefing, attributing Sani, reports the coins contained roughly $2,000 in BTC, highlighting a sharp discrepancy in valuations.
  • Casascius pieces hide private keys under tamper-evident holograms, and once the key is used, collectors regard the physical item as no longer loaded.
  • Records note only 16 of the 1,000 BTC bars and 6 of the 1,000 BTC coins were ever produced, and the movements were observed during heightened market volatility and large liquidation imbalances reported by CoinGlass.