Two Casascius physical Bitcoins moved after 13+ years, shifting 2,000 BTC
Two long-dormant Casascius physical Bitcoin tokens moved a combined 2,000.0027811 BTC on December 5, 2025, with one coin inactive for about 13.2 years transferring 1,000.0028 BTC and the other dormant ~14 years transferring 999.99998110 BTC. On the same day, additional small redemptions occurred: 8 BTC from other Casascius coins and 64 BTC from decade-old addresses. At current prices the transfers equal roughly $180 million. The owners and motives are unknown; analysts cite likely reasons such as private sales, consolidation, or asset preservation following physical degradation of tamper-evident holograms. Casascius coins were minted by Mike Caldwell from 2011 until production halted in late 2013 after FinCEN scrutiny; he sold roughly 27,912 coins and bars funded with about 98,484 BTC. Community tracking shows thousands of units remain unopened (roughly 17,800 units holding ~36,467 BTC), and recent months have seen several legacy redemptions (including a 100 BTC move in July and ~9.5 BTC in October), indicating a continuing trend of decade-old BTC re-entering circulation. Traders should note the event signals incremental long-term-supply unlocking from collectible cold storage rather than coordinated large-scale selling, but high-denomination movements can transiently affect on-chain liquidity and market sentiment.
Neutral
This event is best classified as neutral for BTC price. The transfers represent the unlocking of legacy cold-storage collectibles rather than an obvious, coordinated sell-off. Although two 1,000-BTC movements and additional decade-old transfers are large in nominal terms, the provenance (Casascius physical coins) points to isolated redemptions or consolidation of private keys. Historically, sporadic movements from long-dormant coins can cause short-lived volatility or localized liquidity impacts — particularly if the coins hit exchanges — but they have not consistently driven sustained directional price moves. For traders: expect potential short-term upticks in volatility around these specific on-chain transactions and any subsequent on-exchange deposits, but no clear long-term bearish pressure unless further evidence shows systematic dumping of the unlocked BTC. Monitor on-chain flows from the addresses, wallet-to-exchange transfers, and order-book activity to assess immediate market impact.