ChainCatcher reports that a Bitcoin wallet created in 2016 transferred 1,260.77 BTC at block height 965,770, with funds sent to an unknown P2WPKH address. The wallet was created on July 9, 2016, when its holdings were worth approximately $819,500 and are now valued at over $100 million. Nearly 75 Casascius physical bitcoins were redeemed in the first six days of September. On September 3, 14 first-series Casascius bitcoins were redeemed; the following day, approximately 15 were redeemed; and on September 5, a single-day total of 40 was reached. Casascius physical bitcoins were produced by Mike Caldwell between 2011 and 2013, made from brass, silver, and gold-plated materials, each containing an embedded digital BTC. The process known as "stripping" or "redeeming" involves removing the coin's holographic sticker to access and transfer the embedded private key.
Bitcoin whale transfers 1,260.77 BTC worth over $100M; 75 Casascius physical bitcoins redeemed
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Summary
Today’s BTC news reveals that a Bitcoin whale transferred 1,260.77 BTC to an unknown P2WPKH address at block height 965,770. The wallet, created in July 2016 with an initial value of $819,500, now holds over $100 million. Approximately 75 Casascius physical BTC were redeemed between September 3 and 6. These coins, produced by Mike Caldwell from 2011 to 2013, are made of brass, silver, or gold-plated metal. Redemption requires peeling back the holographic sticker to access the private key and transfer the BTC.
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