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$BTC 2,000 Bitcoin on the move: Rare Casascius coins awaken after 13 years
The physical Bitcoin collectibles were minted when Bitcoin was trading for just $3.88 and $11.69 each, marking a massive potential return.
Two long-dormant Casascius coins — each backed by 1,000 Bitcoin — have just been activated as of Friday, unlocking more than $179 million stashed away for more than 13 years.
Onchain data indicates that one of the Casascius coins was minted in October 2012, when Bitcoin was trading for $11.69.
The other was minted earlier in December 2011, when Bitcoin was valued at only $3.88, giving that Casascius coin a theoretical return of about 2.3 million percent, not including the cost of minting.
A little history behind Casascius coins
Casacius coins are physical metal coins or bars created by Utah-based entrepreneur Mike Caldwell, which were minted between 2011 and 2013.
Caldwell would take Bitcoin and mint it into physical coins, and they are considered one of the most sought-after physical collectibles related to Bitcoin.