2,000 Bitcoins were moved from Casascius Coins.

Transfers After Long Periods of Inactivity

Two Bitcoin wallets that have been inactive for years transferred 2,000 Bitcoin (approximately $180 millionCasascius coins. This transfer draws attention as the wallets had not conducted any transactions for 13 years.

What is a Casascius Coin?

Casascius coins are a form of cold wallet designed as a physical bearer asset, containing hidden keys. However, this project was discontinued in 2013 due to regulatory pressures imposed by the Financial Crimes Enforcement Network (FinCEN).

The Reason for the Transfers is Unclear

Unfortunately, the purpose of the completed transfers cannot be clearly determined. This situation could be related to the risk of physical components deteriorating or measures aimed at providing access.