A collection of about $ 750,000 Casascius Bitcoins appeared on the social media platform Reddit.

There are a total of 87 BTCs in the shared photo collection. The collection includes a photo by Casascius Bitcoins designer Mike Caldwell with Nicholas Mross, the director of the 2014 documentary The Rise and Rise of Bitcoin.

About 87 BTC collections

How did Casascius Bitcoins come into being?

In early 2010, a Bitcointalk user named asıl Casascius asıl, whose real name was Mike Caldwell, began to create physical Bitcoins with real Bitcoin. Each piece contained a “private key gizli hidden under the hologram. In addition, the first 8 characters of the associated Bitcoin address were dug out of each coin.

The products, which were mostly created for collections and gifts, were on sale until November 2013. The Casascius Bitcoins had different versions, including 0.1, 0.5, 1, 10, 25, 100 and 1000 Bitcoins.

As time went on, the Casascius Bitcoins became increasingly valuable. In fact, one of them was sold for $ 99,000 on eBay in recent months, and only for 1 BTC.

100 BTC Casascius Bitcoin bar opened last month

On the other hand, one of the very rare Casascius Bitcoins just opened last month. While many Casascius Bitcoins have been spent in the last two months, on December 23, someone who is not known has used a Casascius bar with 100 BTC of today's prices of $ 720,000. Since the bar was created in 2013, the owner also obtained Bitcoin Cash, Bitcoin SV and Bitcoin Gold besides Bitcoin.

According to the latest data, 45,255 BTCs remain in Casascius Bitcoins. 45,430 BTC was used. There is even a website for enthusiasts to watch Casascius Bitcoins. https://casascius.uberbills.com/

Mike Caldwell decided to stop sales after a warning from FinCEN (US Financial Crimes Prevention Network) in November 2013.

Mike Caldwell, Reuters


Manuel has three years of editorial experience, specializing in language translation editing. He has got immense experience in writing about technology, business and finance. His stories have been published and circulated around the globe by various media outlets.

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