Rare physical bitcoin worth $1.78 million gets cashed in after 12 years
A rare physical bitcoin, known as the S1-COIN-25, was cashed in after 12 years, transferring its 25 BTC worth approximately $1.78 million to a new wallet. The coin, part of Mike Caldwell's Casascius mint, had its tamper-evident hologram removed, destroying its collectible status. This event coincided with a surge of activity from previously dormant bitcoin holdings.
- ▪The S1-COIN-25 physical bitcoin was minted between 2011 and 2013 and was recently redeemed.
- ▪Caldwell's Casascius coins are valued for both their face value in bitcoin and their numismatic premium when intact.
- ▪Thousands of Casascius coins remain unredeemed, with some large-denomination pieces worth millions.
Opening excerpt (first ~120 words) tap to expand
MarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailRare physical bitcoin worth $1.78 million gets cashed in after 12 yearsThe S1-COIN-25 physical bitcoin, part of Mike Caldwell's 2011-2013 mint, had its tamper-evident hologram peeled and the 25 BTC swept on-chain on Wednesday. By Shaurya Malwa|Edited by Sheldon Reback Jun 3, 2026, 2:32 p.m. 2 min readMake preferred on Michael Caldwell's physical bitcoin Casascius coins (casascius.com)What to know: A rare 25-bitcoin Casascius physical coin, minted between 2011 and 2013, was peeled this week and its 25 BTC—worth about $1.78 million—were moved to a new wallet.Casascius coins, created by software engineer Mike Caldwell, embed real bitcoin under tamper-evident holograms and are prized by collectors for both their face…
Excerpt limited to ~120 words for fair-use compliance. The full article is at CoinDesk.
Discussion
0 commentsMore from CoinDesk
