{"id":429561,"date":"2026-06-05T08:49:37","date_gmt":"2026-06-05T03:19:37","guid":{"rendered":"https:\/\/dripp.zone\/news\/a-2011-physical-bitcoin-loaded-with-25-btc-was-just-unlocked-during-the-62k-selloff-crypto-news\/"},"modified":"2026-06-05T08:55:45","modified_gmt":"2026-06-05T03:25:45","slug":"a-2011-physical-bitcoin-loaded-with-25-btc-was-just-unlocked-during-the-62k-selloff-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/a-2011-physical-bitcoin-loaded-with-25-btc-was-just-unlocked-during-the-62k-selloff-crypto-news\/","title":{"rendered":"A 2011 physical Bitcoin loaded with 25 BTC was just unlocked during the $62k selloff – Crypto News"},"content":{"rendered":"

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A Casascius coin tied to 25 BTC moved this week, converting a 2011 physical Bitcoin<\/a> artifact into spendable BTC during a broader market selloff.<\/p>\n

Galaxy Research identified the item as an S1-COIN-25 Casascius physical Bitcoin<\/a>, a large-denomination piece from the era when Bitcoin could still be handed across a table as a loaded coin. The reported alert valued the 25 BTC at about $1.78 million at the time.<\/p>\n

The on-chain sequence is more precise than a simple cash-out. The watched address<\/a> received a 25 BTC output in block 156,413 on Dec. 7, 2011. It later accumulated small dust outputs before spending its funded outputs this week.<\/p>\n

The first 2026 spend landed on June 3 at block 952,159. That transaction spent 25.00002187 BTC from the address and returned 24.98998 BTC to the same address after fees and dust handling.<\/p>\n

A second transaction on June 4 at block 952,267 moved 24.98996629 BTC to a SegWit address, leaving the watched address with no balance.<\/p>\n

The event proves a status change rather than a confirmed sale. Bitcoin, once attached to a physical collectible, became spendable via a normal wallet path. The chain shows movement away from the old address without any evidence of an exchange deposit, custodian route, or sale.<\/p>\n

What the Bitcoin blockchain shows<\/h2>\n

The June 3 transaction matters because it exposed activity from an address that had carried its original 25 BTC output since 2011. The spend<\/a> returned most of the value to the same address, so a one-line address history can overstate what changed.<\/p>\n

The June 4 transaction completed the visible move. The final spend<\/a> sent 24.98996629 BTC from the watched address to bc1qn5snfwq447vge9ynnz66xqm9kpam9eu34z52dk. The fee was 1,371 sats.<\/p>\n

After that, Blockstream’s address view showed no remaining balance. The holder’s reason remains unknown, and the available record ends with a transfer to another Bitcoin address.<\/p>\n

That boundary matters for market interpretation. Old coins moving can look like holder behavior during a selloff, while the available data only establishes transfer to a recipient address.<\/p>\n

CryptoSlate<\/em> applied a similar standard to Mt. Gox-linked wallet movements<\/a>, treating the first transfer as a warning light until later routing showed more. The same discipline applies here, where the next useful signal is onward routing.<\/p>\n

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