While bitcoin (BTC) is already a limited asset, Mike Caldwell’s Casascius physical bitcoins take rarity to a whole new level. Between 2011 and 2013, he endowed over 27,000 coins and bars with nearly 100,000 BTC. As we step into September 2023, a limited supply of 19,082 Casascius physical bitcoins remain in circulation, with around 41,280 BTC yet to be claimed.
Just Over 19,000 Casascius Physical Bitcoins Remain Unpeeled
In the first eight months of 2023, approximately 162 physical bitcoins designed by Mike Caldwell were cashed in or peeled. These coins represented a total of 386 BTC, translating to near $10 million based on the current BTC exchange rates.
Debuting in 2011, Caldwell’s Casascius physical bitcoins, available in both coins and bars, ranged in denominations of 0.1, 0.5, 1, 5, 10, 25, 100, and 1,000 BTC.
Yet, by 2013, Caldwell faced a hurdle. The Financial Crimes Enforcement Network (FinCEN), an arm of the Treasury Department, told him that producing these physical bitc
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