Physical Bitcoin Worth Over ₩10 Billion Moves to Wallet After 13 Years

A physical Bitcoin (BTC) received 13 years ago has drawn attention in the cryptocurrency community.

According to Cointelegraph, a cryptocurrency-focused media outlet, on the 7th (local time), community user John Galt revealed that on May 13 he dismantled and transferred a Casascius bar containing 100BTC that he had stored into a hardware wallet. A Casascius Bitcoin bar is a physical representation of Bitcoin, with the private key for accessing the Bitcoin attached on a hologram film.

Galt purchased the Casascius bar in 2012 when the price of Bitcoin was less than $100. He remarked, "At the time, I thought Casascius coins looked cool and might be the future," and said, "I felt that if Bitcoin grew, it might become a part of history."

As of May 13, the price of Bitcoin was approximately $104,000. Galt's Casascius bar was valued at about $10,400,000 (around ₩1,400,000,000).

According to Uberbills, the Casascius tracker, over 17,000 Casascius bars have been activated but still remain unused. Two 1,000BTC bars valued at over $100,000,000, one 500BTC bar worth $50,000,000, and thirty-five 100BTC bars remain inactive.