A 2011 Casascius physical Bitcoin coin being unlocked during a market selloff with Bitcoin at $63,000.
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2011 Casascius coin with 25 BTC unlocked amid selloff

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A physical Bitcoin from 2011 holding 25 BTC was redeemed this week, converting the collectible into spendable cryptocurrency. The move occurred as Bitcoin traded near $63,000 during a broader market decline.

Galaxy Research identified the item as an S1-COIN-25 Casascius physical Bitcoin. The original address received its 25 BTC output in block 156,413 on Dec. 7, 2011. The first spend took place on June 3 at block 952,159. That transaction spent 25.00002187 BTC from the address and returned 24.98998 BTC after fees. A second transaction on June 4 at block 952,267 moved 24.98996629 BTC to the SegWit address bc1qn5snfwq447vge9ynnz66xqm9kpam9eu34z52dk. The watched address now holds no balance. The on-chain record shows a transfer to another Bitcoin address without evidence of an exchange deposit or confirmed sale. At recent prices the 25 BTC was valued near $1.58 million.

What people are saying

Users highlighted the historical significance of the 2011 Casascius coin redemption, with on-chain details from analysts like Galaxy Research. Reactions noted Bitcoin's long-term growth from under $100 to $1.78M, while others viewed the move as activation of dormant supply or a liquidity signal during the selloff. High-engagement posts from CoinDesk and others emphasized the rarity and collector impact.

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