2,000 Bitcoin on the move: Rare Casascius coins awaken after 13 years
Two rare Casascius coins, holding 1,000 Bitcoin each, were activated after being dormant for over 13 years.Summary
Two long-dormant Casascius coins, each containing 1,000 Bitcoin, were activated recently, unlocking over $179 million worth of cryptocurrency. One coin was minted in December 2011 when Bitcoin was valued at only $3.88, resulting in a theoretical return of about 2.3 million percent. Casascius coins are physical metal collectibles minted between 2011 and 2013 by Mike Caldwell, featuring an embedded private key covered by a tamper-resistant hologram. Caldwell ceased operations after receiving a letter from FinCEN regarding money transmitter regulations. Only 16 of the 1,000 BTC bars and 6 of the 1,000 BTC coins were ever made. Redeeming the private key voids the coin's Bitcoin value, but the movement of these coins does not guarantee an immediate market flood, as owners often transfer them for security rather than immediate sale.
(Source：Cointelegraph)