A 2011-2013 minted physical bitcoin was peeled and its private key swept, unlocking 25 BTC valued at $1.78 million.
A 15-year-old Casascius physical bitcoin, bearing a 25 BTC face value, was redeemed for its full 25.0000 BTC, equivalent to $1.78 million. The private key was peeled and swept on-chain, marking one of the oldest physical bitcoins to be unlocked in recent years.
Casascius coins, minted between 2011 and 2013, were among the first physical representations of bitcoin, embedding private keys under tamper-evident holograms. The redemption follows a years-long trend of collectors and early adopters unlocking dormant holdings as BTC prices surge.
The transaction occurred on June 3, 2026, with the funds moved to address 1tLPQwd6wjvZpreivwHsEuU2ceSv6zaon, according to on-chain data.