OG Bitcoin Holder Wakes Up, Redeems Casascius Coin For 25 BTC After 15 Years
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An anonymous holder redeemed a Casascius S1-COIN-25 physical Bitcoin created between 2011-2013, receiving 25 BTC (about $1.78 million) 15 years after minting, according to Galaxy Research. The movement of dormant BTC by OG holders signals renewed activation and could be a bullish sign for Bitcoin adoption and market dynamics amid the bear market.
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As bitcoin (BTC) continues to weather the storms of the bear market, the asset’s OG holders are waking up. A few days ago, an anonymous holder redeemed a physical bitcoin 15 years after it was created, receiving 25 BTC from the redemption.
According to a tweet from Galaxy Research, the physical coin redeemed is an S1-COIN-25, part of the Casascius coins created between 2011 and 2013. The redemption netted over $1.78 million in bitcoin, calculated at current prices.
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