A crypto user known as 'John Galt' has transferred 100 Bitcoin (BTC) from a Casascius bar to a hardware wallet after 13 years. Galt originally purchased the bar in 2012 when Bitcoin was valued at under $100. As of May 13, 2025, with Bitcoin priced at approximately $104,000, the bar's value exceeded $10 million. Despite considering selling the bar intact, Galt faced difficulties finding legitimate buyers due to its high value.
Casascius bars are physical Bitcoin representations containing private keys under a tamper-evident hologram. Galt expressed a sense of loss in redeeming the bar, comparing it to destroying a historical artifact. The bar had been stored in a vault for safety. According to the Casascius tracker Uberbills, over 17,000 coins and bars remain active and unredeemed, including two 1,000-BTC bars.
Crypto User Transfers 100 BTC from Casascius Bar to Wallet After 13 Years
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