A Sad Day for Physical Bitcoin Collectors

[Gaaaalii]

I don't usually comment, but I loved this new. Congratulations. Enjoy a bit and keep holding!

[XapoBank]

Okay, so remember how I mentioned I had one of those Casascius Bitcoin bars? Yeah, it’s a 100 BTC one, and I got it back in 2012 for like $500.

When Bitcoin went over $10k a few years ago, I started getting real nervous. I mean, holding onto something worth over a million dollars? That’s a lot of pressure.

I didn’t want to redeem it, though. To me, a physical Bitcoin that hasn’t been redeemed feels like it’s worth more than just the money. I did try to sell it a few times, but it’s hard selling something that valuable, and you really can’t trust just anyone. I even looked into auctions, but I’d be getting less than what the Bitcoin itself was worth.

Now that it’s worth over $10 million, I knew I couldn’t keep just sitting on it. So, yeah… even though I was kinda unsure, I finally redeemed it today. I didn’t sell the coins or anything—I just moved them to my hardware wallet to keep them safe.

Before:
https://talkimg.com/images/2025/05/13/UU5J09.md.jpeg

After:
https://talkimg.com/images/2025/05/13/UU5yhw.md.jpeg

Transaction:
https://mempool.space/tx/118d50e57eedbdc37e55edd176b49fb561d2df45d16ac7aabb1365b66d100d43

Sorry...

Congratulations on taking that big step, moving 100 BTC is no small moment, especially when it holds such personal and historic value.

At Xapo, we’ve seen first-hand how early Bitcoiners face this exact dilemma: balancing the emotional significance of early Bitcoin with the responsibility of securing it safely as its value grows. Whether it’s physical coins, early wallets, or large holdings, protecting your Bitcoin in today’s world means adapting to new security standards, while still respecting where you came from.

You’ve done the right thing by taking control of your keys in a secure hardware wallet. If you’re ever looking to explore regulated custody solutions that combine institutional-grade security (MPC, governance controls, physically guarded vaults) with full reserve practices, without giving up ownership of your Bitcoin, feel free to reach out. But for now, congratulations again on securing such an incredible piece of Bitcoin history.

Ser we salute you 🫡

[MoparMiningLLC]

regulated custody solutions that combine institutional-grade security

first - regulated custody solutions are not for Bitcoin - that is screaming fiat. Bitcoin was designed to escape the need to trust a 3rd party with your funds.

and there is no security in any custody "solution" nearly ever custody solution at one point or another gets "hacked" - more or less they leak their own data for probable payment.


Never trust any custody solution with anything you are not willing to simply write off.

[Steeley]

At Xapo, we’ve seen first-hand how early Bitcoiners face this exact dilemma:

I have no real experience with Xapo, but from just anecdotal impressions, they seem good. I am pulling for any business trying to honestly promote Bitcoin and help bitcoiners.

This dude above seems like a full on imposter though. July 1st 2025 registration to the forum, no interactions or trust.

It will be interesting to see how many scam artists show up before this thread goes dormant.

[Steeley]

This story is hitting the public and is starting to get published in multiple ways. AI seems to be regurgitating it (see the last one if you want to see a really bad AI job).

https://cointelegraph.com/news/casascius-bar-hodling-100-btc
https://www.ainvest.com/news/rare-casascius-100-btc-bar-sparks-collector-interest-bitcoin-price-surge-2507/
https://www.tradingview.com/news/cointelegraph:9e76c9099094b:0-casascius-bar-owner-gets-less-physical-moves-btc-to-wallet-after-13-years/
https://www.unilad.com/news/us-news/bitcoin-wallet-whale-dormant-14-years-worth-billions-713675-20250705
https://bloomingbit.io/en/feed/news/92291
https://www.binance.com/en/square/post/07-07-2025-crypto-user-moves-100-bitcoin-from-casascius-bar-to-wallet-after-13-years-26640494760561
https://menafn.com/1109771443/After-13-Years-Casascius-Bar-Owner-Transfers-BTC-To-Digital-Wallet

[MoparMiningLLC]

This story is hitting the public and is starting to get published in multiple ways. AI seems to be regurgitating it (see the last one if you want to see a really bad AI job).

https://cointelegraph.com/news/casascius-bar-hodling-100-btc
https://www.ainvest.com/news/rare-casascius-100-btc-bar-sparks-collector-interest-bitcoin-price-surge-2507/
https://www.tradingview.com/news/cointelegraph:9e76c9099094b:0-casascius-bar-owner-gets-less-physical-moves-btc-to-wallet-after-13-years/
https://www.unilad.com/news/us-news/bitcoin-wallet-whale-dormant-14-years-worth-billions-713675-20250705
https://bloomingbit.io/en/feed/news/92291
https://www.binance.com/en/square/post/07-07-2025-crypto-user-moves-100-bitcoin-from-casascius-bar-to-wallet-after-13-years-26640494760561
https://menafn.com/1109771443/After-13-Years-Casascius-Bar-Owner-Transfers-BTC-To-Digital-Wallet

yea - saw it start hitting social medias and sites last week and continuing into this week.

[dozerz]

just wanted to say well done ser, total diamond handed inspiration to us all

[XapoBank]

At Xapo, we’ve seen first-hand how early Bitcoiners face this exact dilemma:

I have no real experience with Xapo, but from just anecdotal impressions, they seem good. I am pulling for any business trying to honestly promote Bitcoin and help bitcoiners.

This dude above seems like a full on imposter though. July 1st 2025 registration to the forum, no interactions or trust.

It will be interesting to see how many scam artists show up before this thread goes dormant.

Hey, yes we are new here, our first post but have been around since 2013 just not active here previously but we are looking to change that. We have also just started being active on reddit, something we have not been up until 4 months ago. Happy to answer any questions over on Twitter (X) though for any validation.

[Steeley]

At Xapo, we’ve seen first-hand how early Bitcoiners face this exact dilemma:

I have no real experience with Xapo, but from just anecdotal impressions, they seem good. I am pulling for any business trying to honestly promote Bitcoin and help bitcoiners.

This dude above seems like a full on imposter though. July 1st 2025 registration to the forum, no interactions or trust.

It will be interesting to see how many scam artists show up before this thread goes dormant.

Hey, yes we are new here, our first post but have been around since 2013 just not active here previously but we are looking to change that. We have also just started being active on reddit, something we have not been up until 4 months ago. Happy to answer any questions over on Twitter (X) though for any validation.

This is good to hear. Welcome to the forum.

[Mbitr]

Congratulations on taking that big step, moving 100 BTC is no small moment, especially when it holds such personal and historic value.

At Xapo, we’ve seen first-hand how early Bitcoiners face this exact dilemma: balancing the emotional significance of early Bitcoin with the responsibility of securing it safely as its value grows. Whether it’s physical coins, early wallets, or large holdings, protecting your Bitcoin in today’s world means adapting to new security standards, while still respecting where you came from.

You’ve done the right thing by taking control of your keys in a secure hardware wallet. If you’re ever looking to explore regulated custody solutions that combine institutional-grade security (MPC, governance controls, physically guarded vaults) with full reserve practices, without giving up ownership of your Bitcoin, feel free to reach out. But for now, congratulations again on securing such an incredible piece of Bitcoin history.

Ser we salute you 🫡
[/quote]

Will you be looking at holding loaded bitcoin collectibles in your” physically guarded vault” ?

Apologies - on mobile at the moment - didn’t quote the message correctly - doh !!

[XapoBank]

Congratulations on taking that big step, moving 100 BTC is no small moment, especially when it holds such personal and historic value.

At Xapo, we’ve seen first-hand how early Bitcoiners face this exact dilemma: balancing the emotional significance of early Bitcoin with the responsibility of securing it safely as its value grows. Whether it’s physical coins, early wallets, or large holdings, protecting your Bitcoin in today’s world means adapting to new security standards, while still respecting where you came from.

You’ve done the right thing by taking control of your keys in a secure hardware wallet. If you’re ever looking to explore regulated custody solutions that combine institutional-grade security (MPC, governance controls, physically guarded vaults) with full reserve practices, without giving up ownership of your Bitcoin, feel free to reach out. But for now, congratulations again on securing such an incredible piece of Bitcoin history.

Ser we salute you 🫡

Will you be looking at holding loaded bitcoin collectibles in your” physically guarded vault” ?

Apologies - on mobile at the moment - didn’t quote the message correctly - doh !!
[/quote]

At the moment, we don’t offer vault services for physical Bitcoin collectibles like Casascius coins. That said, we appreciate the role these items play in Bitcoin’s history; they’re a fascinating part of the early ecosystem. This is something i will however feedback to ask the question.

At Xapo, we’ve seen first-hand how early Bitcoiners face this exact dilemma:

I have no real experience with Xapo, but from just anecdotal impressions, they seem good. I am pulling for any business trying to honestly promote Bitcoin and help bitcoiners.

This dude above seems like a full on imposter though. July 1st 2025 registration to the forum, no interactions or trust.

It will be interesting to see how many scam artists show up before this thread goes dormant.

Hey, yes we are new here, our first post but have been around since 2013 just not active here previously but we are looking to change that. We have also just started being active on reddit, something we have not been up until 4 months ago. Happy to answer any questions over on Twitter (X) though for any validation.

This is good to hear. Welcome to the forum.

Thanks, great to be here.