2011 Casascius 25 BTC Coin Redeemed as BTC Nears $63K

A physical Casascius coin produced in 2011 and loaded with 25 BTC was redeemed June 3–4, 2026, with 24.98996629 BTC moved to a SegWit address during a period of market weakness. On-chain records show the output created in 2011 became active after more than a decade of inactivity.

The watched address received the 25 BTC output in block 156,413 on Dec. 7, 2011. On June 3, 2026, in block 952,159 the wallet spent 25.00002187 BTC and returned 24.98998 BTC to the same address after fees and dust handling. A subsequent transaction on June 4, 2026, in block 952,267 moved 24.98996629 BTC to the SegWit address bc1qn5snfwq447vge9ynnz66xqm9kpam9eu34z52dk, leaving the original address with a zero balance. The network fee on the final spend was 1,371 satoshis.

The chain-level record shows the private key tied to the 2011 output was used and the coins left the original address. Available on-chain data does not show a deposit to an exchange, custodian, or mixer, and does not by itself establish a sale or conversion into market liquidity.

Market context: Bitcoin traded near $63,000 at the time of the June 4 transaction. Bitcoin had fallen from $71,765 to $67,895 on June 2, triggering about $394 million in one-hour liquidations as leveraged positions were unwound. At a $63,000 price, 25 BTC is worth roughly $1.575 million; snapshot valuations vary with minute-by-minute price moves.

Casascius coins were physical collectibles that enclosed a Bitcoin private key under a tamper-evident hologram. Leaving the hologram intact preserves a loaded collectible; revealing the private key converts the item into ordinary on-chain BTC. The on-chain evidence here records that a long-dormant, Casascius-attributed 25 BTC output became spendable and left its original address after more than a decade. The holder’s motive is not visible on-chain; further routing of the recipient address will show whether the funds move toward known liquidity venues or remain parked.