Bitcoin Whale Transfers 1,260.77 BTC Worth Over $100 Million; Nearly 75 Casascius Physical Bitcoins Redeemed

Odaily News: A Bitcoin wallet created in 2016 transferred 1,260.77 BTC at block height 965,770, with the funds moved to an unknown P2WPKH address. The wallet was created on July 9, 2016, when its holdings were worth approximately $819,500. Its value has now exceeded $100 million.

In the first six days of September, nearly 75 Casascius physical Bitcoins were redeemed. On September 3, 14 Series 1 Casascius Bitcoins were redeemed, followed by approximately 15 the next day, and reaching 40 in a single day on September 5.

Casascius physical Bitcoins were created by Mike Caldwell between 2011 and 2013, crafted from brass, silver, and gold-plated materials, with digital BTC embedded inside. The so-called "stripping" or "redeeming" refers to removing the coin's hologram sticker and using the private key within to transfer the digital BTC. (Bitcoin.com News)