June 17, 2024

Unknown cashed $ 750 thousand Casascius bitcoin ingot

On December 23, the unknown withdrew 100 BTC (over $ 750 thousand) from the Casascius S2-BAR-100 ingot, created on February 4, 2013.

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In 2011year American inventor Mike Caldwellbegan minting coins and bullion called Casascius, with face values ​​of 1, 10, 25, 100 and 1,000 BTC. But on November 27, 2013, the U.S. Financial Crimes Service banned him from selling pre-funded coins.

Casascius coins have always been in demand andoften sold above the value of the bitcoins on them. So, in April 2018, when bitcoin was worth about $ 8,000, someone sold four coins at 1 BTC for $ 10,000 each.

Unknown cashed $ 750 thousand Casascius bitcoin ingot

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On July 1, 2019, the Casascius 1 BTC gold coin in perfect condition was sold on eBay for $ 99,000. The coin with a hologram error was sold at an auction in November 2017 for $ 50,000.

In November 2019, 27 coins with a total face value of 71 BTC were cashed.

Since Casascius bullion and coins were issued in 2011-2013, they also contain an equal amount of Bitcoin Cash.

You can read more about material bitcoins in the ForkLog material.