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A Casascius 25 BTC coin was redeemed after 15 years, unlocking $2M in Bitcoin.

Market News
03 Jun 2026
Crypto Briefing
View Source
Neutral
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A physical Casascius Bitcoin coin containing 25 BTC, minted between 2011 and 2013, was finally redeemed after about 15 years, releasing roughly $2 million worth of Bitcoin onto the blockchain. Casascius coins, created by Mike Caldwell, are physical tokens with embedded private keys hidden under a tamper-evident hologram. Redeeming the coin destroys its loaded status and moves the Bitcoin on-chain. This event is part of a growing trend of dormant Casascius coins being redeemed, which affects Bitcoin supply metrics and collector markets since unredeemed coins are rare and often sell at premiums. Nearly 39,000 BTC remain locked in sealed Casascius coins, representing a shadow supply that can impact on-chain analytics when redeemed.

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