A 2011 physical Bitcoin loaded with 25 BTC was just unlocked during the $62k selloff
- A 2011 Casascius coin holding 25 BTC finally woke up from its hibernation, converting a physical relic into spendable crypto during the recent $62k selloff. Galaxy Research spotted the S1-COIN-25 moving on-chain, proving the owner chose liquidity over numismatic glory. It’s not a dump; it’s a custody shift. The keys were used, and the coins moved to a new address, leaving the hologram empty. While moonboys panic-scream about old whales crashing the market, this is just one guy deciding his collectible is worth more as cold hard satoshis than a dusty paperweight. The market didn’t break because of this; leverage did. But hey, at least we know Bitcoin can still be handed across a table, even if it’s now just digital IOUs in a plastic shell.