Two Casascius Coins Holding 2,000 BTC Moved After 13 Years of Inactivity

Two long-dormant Bitcoin wallets associated with physical Casascius coins recently moved a combined total of 2,000 BTC, valued at approximately $180 million at current prices. These coins had remained untouched since 2011 and 2012 when Bitcoin's price was significantly lower. Casascius coins, created by Mike Caldwell, were physical collectibles containing embedded private keys designed for offline cold storage, but the project ceased production in late 2013 due to regulatory pressure from FinCEN, which deemed Caldwell an unregistered money transmitter. The reason for the recent transfers is unknown, but possibilities include sales, internal reorganizations, or necessary moves due to concerns over degrading physical components, similar to a case earlier this year where a 100 BTC bar owner faced difficulty importing keys.

(Source：CoinDesk)