In brief
A wallet linked to a Casascius Physical Bitcoin transacted for the first time since it was created in 2011.
The wallet held 25 Bitcoin, redeemable via the private key embedded in a physical coin.
Casascius coins were created from 2011-2013 and hold Bitcoin values ranging between 0.1-1,000 BTC.
A 15-year-old treasure was awoken when a physical coin embedded with the private key to a Bitcoin wallet was activated on-chain Tuesday, giving the coin's owner access to about $1.78 million in Bitcoin.The collectible, a part of the Casascius Physical Bitcoins, contained a private key to access a wallet holding 25 BTC—which was collectively worth less than $100 when it was created in December 2011, according to data from Casascius Tracker. The physical coins, created by Bitcoin enthusiast and developer Mike Caldwell, were originally designed to “introduce a proof-of-concept, a conversation piece to help people talk to others about Bitcoin,” according to the coin’s website.Each coin came built with its own Bitcoin address, along with a private key that was hidden behind a tamper-evident hologram that must be peeled in order to reveal the key—letting the owner gain access to the linked BTC.
