Casascius bar owner moves 100 BTC to hardware wallet after 13 years, now worth $10 million
A crypto user recently moved 100 BTC from a physical Casascius bar to a hardware wallet after holding the Bitcoin for 13 years. The user, known as “John Galt,” purchased the bar in 2012 when the BTC price was under $100, believing the coins would be a part of history.
The price of Bitcoin on May 13 was roughly $104,000, making Galt’s bar worth over $10 million. Galt had considered selling the bar before 2025 but found it challenging to find legitimate buyers for such a valuable commodity. Despite redeeming the funds, he has no immediate plans to cash out.
There are a limited number of unredeemed Casascius bars and coins still in circulation, with more than 17,000 active and unredeemed coins and bars. This includes two 1,000-BTC bars worth over $100 million each, one 500-BTC bar worth $50 million, and 35 100-BTC bars. The physical Bitcoins contain private keys accessed by unsealing a tamper-evident hologram.
Read more at Cointelegraph: Casascius Bar Owner Describes Hodling 100 BTC For 13 Years