Rare Casascius Bitcoin Holding 25 BTC Activated After 12 Years, Worth $1.78M

BTC-3.17%
According to CoinDesk, a rare Casascius physical bitcoin holding 25 BTC (worth approximately $1.78 million) was activated on Wednesday after 12 years of dormancy. The hologram security label on the coin was removed and the stored cryptocurrency was transferred to a new wallet. Casascius coins, created by software engineer Mike Caldwell between 2011 and 2013, contain both a receiving address on the front and a private key hidden beneath a hologram on the back, allowing holders to redeem the bitcoin at any time.
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