Two rare physical Casascius coins of 1000 BTC each activated for the first time in 13 years
Two unique metal Casascius coins, each containing "sealed" 1,000 BTC, were revealed and moved by the owner for the first time since 2012. A total of approximately $180 million in Bitcoin has been activated.
Casascius coins are physical tokens with a private key under a hologram. To access the BTC, the owner must break the seal, after which the coin loses its collectible value. Such coins were issued only between 2011 and 2013, until FinCEN required the issuer to comply with money service regulations. Only six "thousanders" were created.
Data from Blockchain.com and OKLink shows that both coins were activated within minutes of each other — likely by one owner or a coordinated group. Analysts suggest this could be a restructuring of old supplies or preparation for a private (OTC) sale.
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