Two dormant Casascius coins don redeem, unlock $179M in BTC

Two long-dormant Casascius physical bitcoins, each preloaded wit 1,000 BTC, dem redeem afta more dan 13 years an move about $179 million worth of BTC on-chain. Dem coins bin mint for December 2011 an October 2012 when BTC dey trade near $3.88 an $11.69 respectively, so dioritical returns pass two million percent. Casascius coins wey Mike Caldwell produce from 2011–2013 hide private keys under tamper-evident holograms; when dem redeem dem, di embedded private keys transfer go modern wallets. On-chain evidence show say both 1,000-BTC coins dem activate an di funds don move to contemporary addresses. Historical patterns an recent redeems (including one 100-BTC move to a hardware wallet for July 2025) dey show say holders normally migrate legacy holdings into secure custody instead of quick sell, so activation no necessarily mean immediate sell pressure. For traders: make una monitor on-chain flows an follow-up transactions, especially transfers to centralized exchanges, because dat fit cause short-term sell-side pressure. Di event show Bitcoin crazy long-term gains, di slow migration of legacy custody to current infrastructure, an small increase in visible supply — more symbolic pass market-moving unless dem route di coins to exchanges an sell dem.