2,000 BTC dormant for 13 years suddenly moved, Casascius physical coins reappear

RektRecovery · 2025-12-07T08:38:07+00:00

[BlockBeats] Recently, something quite shocking happened in the crypto community—a wallet address that had been dormant for over 13 years suddenly moved 2,000 Bitcoins, which is worth about $180 million at current prices.This batch of coins has quite a backstory and is related to the Casascius physical Bitcoins from back in the day. These things are considered antiques now. In 2011, an American named Mike Caldwell came up with this idea: hiding Bitcoin private keys inside physical coins or bars, sealed with tamper-evident holographic labels. At that time, Bitcoin was only worth a few dozen dollars each, and these physical coins came in denominations from 1 BTC up to 1,000 BTC.Later in 2013, the US Financial Crimes Enforcement Network (FinCEN) took notice and said this counted as “unregistered money transmission,” so Mike was forced to stop production. However, there are still about 90,000 of these physical coins in circulation, with only 6 coins and 16 bars containing...

RektRecovery

2025-12-07 08:38:07

[BlockBeats] Something pretty shocking happened in the crypto community recently—a wallet address that had been dormant for over 13 years suddenly moved 2,000 Bitcoins, which is worth about $180 million at current prices.

These coins have quite a story behind them and are connected to those physical Casascius Bitcoins from back in the day. These things are basically antiques now. In 2011, an American named Mike Caldwell came up with the idea: he hid Bitcoin private keys inside physical coins or gold bars, sealed with tamper-evident holograms. Back then, Bitcoin was only worth a few dozen dollars, and these physical coins ranged from 1 to 1,000 BTC denominations.

Later in 2013, the US Financial Crimes Enforcement Network took notice and said this counted as “unregistered money transmission,” so Mike had to stop making them. However, there are still about 90,000 of these physical coins in circulation, and only 6 coins and 16 bars contain 1,000 BTC each—just imagine how much a single bar is worth today.

It’s still unclear what the purpose of this latest transfer was. Maybe the owner wanted to cash out, or maybe they were worried the physical materials would degrade over time and decided to move the funds to a safer place. Earlier this year, someone with a 100 BTC Casascius gold bar found importing the private key too troublesome, so they just moved $9 million worth of assets into a hardware wallet.

Either way, whenever these OG whales make a move, it always reminds people of those wild early days of Bitcoin.

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MEVHunterBearish

· 2025-12-10 08:01

Damn, this wave is really antique, the coin from 13 years ago is moving now? What kind of mentality does this have to be to dare not touch it for so long? The coin that was bought for tens of dollars back then is now $180 million... I was sour If this guy is really the original owner of Casascius, it will be too legendary, the earliest believer Why did I just remember it now, did I really forget, or was I waiting for some opportunity?

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P2ENotWorking

· 2025-12-10 03:24

13 years without moving? Is this guy hibernating or what, I just remembered to sell it now Antique-level things, how much ash does this wave have to eat to keep until now Mike Caldwell was really good at playing at the time, but unfortunately he was targeted later 180 million moved so lightly, I'm still fucking worried about a few coins Does anyone still want physical currency now, I feel that this thing is a feeling The coin I bought for more than a dozen yuan 13 years ago is a bit amazing now Is it really fake, what does this batch of coins mean at this time, smashing the market? Casascius coins are already out of print, is this wave of transfers going to be auctioned? The timing of this operation is a bit subtle, and I feel like I have to ponder it

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0xSunnyDay

· 2025-12-09 21:01

Damn, after sleeping for 13 years it suddenly wakes up, how many times has this trade multiplied? I've been saying Casascius should have returned long ago, the top-tier minting mechanism for antique coins. Being able to hold for this long really takes top-notch mental strength, I would have sold ages ago. If this batch gets dumped, it's going to be brutal. What happens if $180 million is dumped? Curious who's moving these coins, what kind of plan does it take to dare touch such historical assets?

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RamenStacker

· 2025-12-07 09:08

Damn, a dormant account from 2013 wakes up to $180 million, that must feel amazing. I hadn’t entered the scene during the Casascius days, now looking at this story is just wild. If only I had stocked up on physical coins in 2011, they’d be valuable antiques now. How did this guy even come up with hiding the private key inside a coin back then? Genius design. $180 million… that’s a number I could never earn in my lifetime. I wonder if these 2,000 coins will dump on the market later, I’m a bit nervous. This is true hodling—grandpa-level diamond hands. US law enforcement was so sneaky back then, such a great innovation got shut down. Could the sudden transfer be an heir discovering them? Haha. Any coin that’s survived since 2011 is a legendary coin.

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TokenVelocity

· 2025-12-07 09:06

Damn, a dormant account from 2013 suddenly wakes up. Only the earliest OGs would dare to hodl this long. Antique coins resurfacing—seems like the true believers are still around. If this guy isn’t dead, he must be laughing his head off right now. Waking up to $180 million, what investment could ever match that return... The legend of Casascius isn’t over yet, there’s still something there. Physical coin players really hit the jackpot. What started as a fun collectible is now taking off. How old must this wallet address be to stay dormant for so long? Still holding after 13 years without selling—what a mindset. The US government is really a joke—banning production just made these even more valuable. If these antique-level coins really start circulating, the market’s going to get turbulent.

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GasFeeDodger

· 2025-12-07 09:04

Damn, hasn't moved in 13 years? What was this guy thinking, only now remembering he still has so many coins. Unbelievable. Back then, Mike was stopped from getting involved, and now just moving this batch of vintage coins is worth $180 million—must sting a lot. Bought in 2011 for a few dozen dollars, now any single transaction could change your fate. Kinda hits hard. I just want to know if this guy will dump the coins next, or keep pretending to be inactive. The vintage coin market is so small, if he really dares to make a move, it could cause a huge stir. To put it bluntly, Casascius should have been hyped a long time ago, now everyone is waking up.

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AirdropHunterKing

· 2025-12-07 09:04

Damn, 2,000 coins that had been dormant since 2013, and just like that, they’re worth $180 million? This guy really held on, huh. As a yield chaser myself, I definitely don’t have that kind of willpower—I would’ve spent it all long ago.

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