Tuesday, July 8, 2025

Casascius Bar Owner Describes Hodling 100 BTC For 13 Years

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A crypto consumer who had held bodily Bitcoin for roughly 13 years talked to Cointelegraph about what led to his choice to lastly transfer the cash to a pockets.

On Could 13, a BitcoinTalk consumer going by the pseudonym “John Galt” said they’d moved 100 Bitcoin (BTC) from a bodily Casascius bar to a {hardware} pockets. Casascius bars and cash are bodily representations of various quantities of Bitcoin, with the personal keys to entry them connected to movie on the objects themselves. 

Galt stated he had bought the bar in 2012 when the BTC value was underneath $100.

“Again then I believed Casascius cash have been cool and perhaps the long run,” he instructed Cointelegraph. “I figured if Bitcoin ever obtained large these cash could be a part of historical past so I began accumulating.”

Physical Bitcoin, Hodl, Trading
100 BTC Casascius bar. Supply: BitcoinTalk

Greater than $10 million in bodily Bitcoin

On Could 13, the worth of Bitcoin was roughly $104,000, making Galt’s bar price greater than $10 million. Although he instructed Cointelegraph he had thought-about promoting it earlier than 2025, it was tough to search out legit patrons for such a helpful commodity.

“Redeeming it felt like destroying a chunk of historical past, like melting down some historical gold necklace or one thing,” stated Galt. “I might’ve approach fairly offered it complete with the sticker and all the things nonetheless intact. However the increased the worth went the tougher that obtained.”

Although the funds have been redeemed and extra simply accessible by means of the {hardware} pockets, Galt stated he had no fast plans to money out. Earlier than utilizing the personal keys, he reported preserving the bar in a vault exterior his residence.

“Having 100 BTC is life-changing for anybody. However the factor is I’ve had it for thus lengthy that this was extra about staying protected than instantly getting wealthy.”

Associated: Father-son team says they’ve recovered $6M in lost crypto