Bitcoin News and Finance
Close to 250 Casascius Physical Bitcoins Were Redeemed in 6 Months, $1.9B in BTC Remain Active Skip to main content

Close to 250 Casascius Physical Bitcoins Were Redeemed in 6 Months, $1.9B in BTC Remain Active

Close to 250 Casascius Physical Bitcoins Were Redeemed in 6 Months, $1.9B in BTC Remain Active

Since September 18, 2021, close to 250 Casascius physical bitcoins were redeemed over the last 198 days. On that day six months ago, there were 19,920 Casascius physical bitcoins left active and today, there are approximately 19,676 left to peel.

19,676 Casascius Physical Bitcoins Left to Peel

During the last six months, approximately 244 Casascius physical bitcoins were redeemed for their digital value. The Casascius physical bitcoin collection created by Mike Caldwell is one of the most popular physical BTC collections. The rare coins are often sold for more than the digital face value and today, there are 19,676 physical coins left unredeemed or active, according to casasciustracker.com stats.

Each physical bitcoin has a different fraction of digital BTC, as some coins carry .5 in BTC value while some hold a single BTC. Caldwell also made gold bars with bitcoins loaded onto them like the popular 100 BTC gold bar. There are Casascius physical bitcoins that hold 25 BTC and even units that carry 500 to 1,000 BTC. For instance, on March 30, 2022, an “S1-COIN-25” that’s worth 25 BTC was peeled and redeemed for the digital value of $1.14 million.

The S1-COIN-25 also held 25 bitcoin cash (BCH) and 25 bitcoinsv (BSV), but those crypto assets have not been spent by the Casascius physical bitcoin owner. Five days prior, an “S2-COIN-5” was peeled and redeemed for 5 BTC or $230K. That Casascius physical bitcoin owner also saved the 5 BCH and the 5 BSV, as it has not been spent. While there are 19,676 physical coins from the Casascius collection left active, 8,262 have been redeemed so far.

42,516 Bitcoin Worth $1.9 Billion Remain Loaded on Casascius Physical Bitcoins, Unfunded Coins Sell for a Pretty Penny

While there’s a few hundred less than 20K physical coins left unpeeled today, the number does not account for how much BTC is left unredeemed. There are approximately 42,516 BTC (UTXOs) left unredeemed on the 19,676 Casascius coins left unpeeled. According to today’s bitcoin (BTC) exchange rates, that’s $1.9 billion worth of bitcoin.

Furthermore, Casascius physical bitcoins usually sell for higher than the digital value on secondary markets. Even unloaded coins, with the digital funds swept away, can sell for a pretty penny these days. For instance, an unloaded 25 BTC physical bitcoin with the funds swept away is selling for $21,000 on Ebay. In fact, it is hard to find a loaded Casascius physical bitcoin and there’s a slew of unfunded coins on the secondary market selling for collectible purposes only.

On September 18, 2021, there were approximately 43,000 BTC left unspent loaded on 19,920 Casascius physical bitcoins. With 42,516 BTC left unredeemed today, that means 484 BTC worth $22.2 million has been redeemed over the last 198 days.

What do you think about the fact that there are now 19,676 Casascius bitcoins left active today with 42,516 bitcoin left unredeemed? Let us know what you think about this subject in the comments section below.

Labels:

Comments

Post a Comment

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl
Post a Comment
Read more

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju
Post a Comment
Read more

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and
Post a Comment
Read more

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r
Post a Comment
Read more
Blogarama - Blog Directory