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Bitcoin whale moves 1,260 BTC worth $100M; 75 Casascius coins redeemed in early September

Market News
06 Sep 2026
Bitcoin
View Source
Neutral
Bitcoin whale moves 1,260 BTC worth $100M; 75 Casascius coins redeemed in early September

A Bitcoin wallet created in 2016 transferred 1,260.77 BTC, now valued at over $100 million, marking an 11,366% gain over a decade. Additionally, nearly 75 physical Casascius 1 BTC coins were redeemed in early September, indicating vintage holders are cashing out. These moves suggest some investors may believe Bitcoin's price has limited upside after years of gains. The market now faces increased supply from long-dormant Bitcoin as prices hover near $79,733.

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