Casascius owner redeems $1.8M Bitcoin hidden since 2011

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A Casascius physical Bitcoin containing 25 BTC has been redeemed after nearly 15 years, unlocking cryptocurrency now worth about $1.78 million. Summary A Casascius physical Bitcoin containing 25 ...

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When the coin was originally funded, the 25 BTC inside was worth less than $100.The redemption highlights the extraordinary appreciation of Bitcoin over the past decade and a half. It also adds to a growing list of long-dormant Bitcoin holdings that have resurfaced as the cryptocurrency trades near record valuations.According to court filings, Doe claims he discovered the wallets ","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"BITX":"2倍比特币期货ETF-Volatility Shares","BAGY":"Amplify Bitcoin Max Income Covered Call ETF","CBOO":"Calamos Bitcoin Structured Alt Protection ETF - October","QBF":"Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly","BTC":"Grayscale Bitcoin Mini Trust","CBTO":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - October","BITY":"Amplify Bitcoin 2% Monthly Option Income ETF","XBTY":"GraniteShares YieldBOOST Bitcoin ETF","BTCC":"Grayscale Bitcoin Covered Call ETF","BITB":"比特币ETF-Bitwise","CBTY":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - July","BFJL":"FT Vest Bitcoin Strategy Floor15 ETF - July","SBIT":"2倍做空比特币期货ETF-Proshares","CBXA":"Calamos Bitcoin 90 Series Structured Alt Protection ETF – April","CBOY":"Calamos Bitcoin Structured Alt Protection ETF - July","BITI":"1倍做空比特币期货ETF-Proshares","CBXJ":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - January","DFII":"FT Cboe Vest Bitcoin Strategy & Target Income ETF","BTCO":"比特币ETF-Invesco Galaxy","HODL":"比特币ETF-VanEck","DEFI":"比特币期货ETF-Hashdex","BRRR":"比特币ETF-CoinShares","BITO":"比特币期货ETF-ProShares","BPI":"Grayscale Bitcoin Premium Income ETF","CBXO":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - October","BTRN":"比特币期货ETF-Global X","BFAP":"FT Vest Bitcoin Strategy Floor15 ETF - April","CBOA":"Calamos Bitcoin Structured Alt Protection ETF - April","CBXY":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - July","BTCW":"比特币ETF-Wisdom Tree","CBOJ":"Calamos Bitcoin Structured Alt Protection ETF - January","ARKB":"比特币ETF-21Shares","CBTA":"Calamos Bitcoin 80 Series Structured Alt Protection ETF – April","BITU":"2倍做多比特币期货ETF-Proshares","BCCC":"Global X Bitcoin Covered Call ETF","GBTC":"比特币ETF-Grayscale","EZBC":"比特币ETF-Franklin","FBTC":"比特币ETF-Fidelity"},"translate_title":"Casascius所有者赎回自2011年以来隐藏的价值180万美元的比特币","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CBTY":0.6,"BITI":0.6,"BITU":0.6,"CBTO":0.6,"BFAP":0.6,"XBTY":0.6,"CBXO":0.6,"CBOJ":0.6,"CBOA":0.6,"FBTC":0.6,"BAGY":0.6,"CBXJ":0.6,"SBIT":0.6,"BTRN":0.86,"HODL":0.6,"BITO":0.6,"BCCC":0.6,"CBXA":0.6,"DFII":0.6,"CBOO":0.6,"ARKB":0.6,"CBXY":0.6,"BTCC":0.6,"DEFI":0.6,"BTC":0.6,"GBTC":0.6,"BITX":0.86,"BITB":0.6,"BRRR":0.86,"CBOY":0.6,"QBF":0.6,"BTCO":0.6,"BPI":0.6,"BTCW":0.6,"BFJL":0.6,"EZBC":0.6,"CBTA":0.6,"BITY":0.6},"content_text":"A Casascius physical Bitcoin containing 25 BTC has been redeemed after nearly 15 years, unlocking cryptocurrency now worth about $1.78 million.\n\n\nSummary\n\n\n\nA Casascius physical Bitcoin containing 25 BTC was redeemed after nearly 15 years, unlocking holdings now worth about $1.78 million.\nThe coin came from a 2011 Series 1 batch, with 236 of 345 coins now redeemed.\nThe activation arrives as dormant Bitcoin wallets face growing legal and market scrutiny.\n\n\n\nAccording to data tracked by Casascius Tracker, the coin was activated on-chain on June 3, giving its holder access to Bitcoin that had remained untouched since December 2011. When the coin was originally funded, the 25 BTC inside was worth less than $100.\n\n🪙 CASASCIUS COIN REDEEMED — S1-COIN-25 (25 BTC face) swept for 25.0000 BTC ($1.78M)A physical Casascius bitcoin from the 2011-2013 mint has been peeled and the private key swept on-chain.Address: 1tLPQwd6wjvZpreivwHsEuU2ceSv6zaonAlso in our DB: Noah Doe #38977 ·…— Galaxy Research (@glxyresearch) June 3, 2026\n\nThe redemption highlights the extraordinary appreciation of Bitcoin over the past decade and a half. It also adds to a growing list of long-dormant Bitcoin holdings that have resurfaced as the cryptocurrency trades near record valuations.\nCreated by Bitcoin developer and enthusiast Mike Caldwell, Casascius coins were among the earliest attempts to connect digital assets with physical collectibles.\nEach coin carried a Bitcoin address and a private key concealed beneath a tamper-evident holographic seal. Removing the seal revealed the key needed to access the associated funds and permanently showed that the coin had been redeemed.\nThe redeemed coin belonged to an early Casascius production run\nInformation from Casascius Tracker shows the latest redemption came from a Series 1 Casascius coin containing 25 BTC. A total of 345 coins were produced in that batch, with 236 now redeemed following the latest activation.\nAlthough the coins were initially marketed as educational tools and conversation pieces for introducing people to Bitcoin, they later became sought-after collectibles as the value of the cryptocurrency increased.\nMany unredeemed Casascius coins now trade on secondary marketplaces at premiums above the value of the Bitcoin they contain. Even unfunded versions, which were never loaded with BTC, can sell for hundreds of dollars because of their historical significance among collectors.\nDormant Bitcoin wallets continue attracting attention\nInterest in long-inactive Bitcoin holdings has increased in recent months as more early-era wallets have become active and legal disputes surrounding dormant digital assets continue to emerge.\nLast month, crypto.news reported on a lawsuit filed in the Supreme Court of the State of New York by a plaintiff identified as Noah Doe. The lawsuit seeks a declaration that 39,069 dormant Bitcoin addresses should legally belong to him.\nAccording to court filings, Doe claims he discovered the wallets in October 2024 after identifying a security vulnerability that allegedly left the owners permanently unable to access their funds.\nHe stated that he developed a proprietary algorithm to identify wallets meeting what he believes is the legal standard for abandonment, reported the findings to the New York Police Department, and spent more than a year attempting to locate the owners.\nThe lawsuit raises a question that courts have yet to answer directly: whether self-custodied Bitcoin wallets that have remained inaccessible for years can be treated as abandoned property under existing state law.\nWhile exchange-held assets are generally subject to established dormancy and escheatment rules, crypto.news noted that self-custodied wallets operate outside those frameworks and remain in a legal grey area.\nAgainst that backdrop, the redemption of another early Casascius coin serves as a reminder that some Bitcoin holdings once assumed to be lost can still reappear when the private keys remain intact and accessible to their owners.\n\n\n\n\n\n                Read more:\n            \n\n                Cathie Wood’s $1.5M Bitcoin call triggers fresh gold vs crypto debate","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2640184034","isCrawlerRequest":true}