Close to 250 Casascius Physical Bitcoins Were Redeemed in 6 Months, $1.9B in BTC Remain Active

Since September 18, 2021, close to 250 Casascius physical bitcoins were redeemed over the last 198 days. On that day six months ago, there were 19,920 Casascius physical bitcoins left active and today, there are approximately 19,676 left to peel.

19,676 Casascius Physical Bitcoins Left to Peel

During the last six months, approximately 244 Casascius physical bitcoins were redeemed for their digital value. The Casascius physical bitcoin collection created by Mike Caldwell is one of the most popular physical BTC collections. The rare coins are often sold for more than the digital face value and today, there are 19,676 physical coins left unredeemed or active, according to casasciustracker.com stats. Each physical bitcoin has a different fraction of digital BTC, as some coins carry .5 in BTC value while some hold a single BTC. Caldwell also made gold bars with bitcoins loaded onto them like the popular 100 BTC gold bar. There are Casascius physical bitcoins that hold 25 BTC and even units that carry 500 to 1,000 BTC. For instance, on March 30, 2022, an “S1-COIN-25” that’s worth 25 BTC was peeled and redeemed for the digital value of $1.14 million. The S1-COIN-25 also held 25 bitcoin cash (BCH) and 25 bitcoinsv (BSV), but those crypto assets have not been spent by the Casascius physical bitcoin owner. Five days prior, an “S2-COIN-5” was peeled and redeemed for 5 BTC or $230K. That Casascius physical bitcoin owner also saved the 5 BCH and the 5 BSV, as it has not been spent. While there are 19,676 physical coins from the Casascius collection left active, 8,262 have been redeemed so far.

42,516 Bitcoin Worth $1.9 Billion Remain Loaded on Casascius Physical Bitcoins, Unfunded Coins Sell for a Pretty Penny

While there’s a few hundred less than 20K physical coins left unpeeled today, the number does not account for how much BTC is left unredeemed. There are approximately 42,516 BTC (UTXOs) left unredeemed on the 19,676 Casascius coins left unpeeled. According to today’s bitcoin (BTC) exchange rates, that’s $1.9 billion worth of bitcoin. Furthermore, Casascius physical bitcoins usually sell for higher than the digital value on secondary markets. Even unloaded coins, with the digital funds swept away, can sell for a pretty penny these days. For instance, an unloaded 25 BTC physical bitcoin with the funds swept away is selling for $21,000 on Ebay. In fact, it is hard to find a loaded Casascius physical bitcoin and there’s a slew of unfunded coins on the secondary market selling for collectible purposes only. On September 18, 2021, there were approximately 43,000 BTC left unspent loaded on 19,920 Casascius physical bitcoins. With 42,516 BTC left unredeemed today, that means 484 BTC worth $22.2 million has been redeemed over the last 198 days. What do you think about the fact that there are now 19,676 Casascius bitcoins left active today with 42,516 bitcoin left unredeemed? Let us know what you think about this subject in the comments section below.