Bitcoin collectors bought rare Casascius gold bars for $500 and are now profiting over $10 million

ChainCatcher news, according to Cryptoslate, a collector who goes by the name John Galt on the Bitcoin Talk forum recently successfully redeemed a solid gold Casascius physical Bitcoin bar purchased in 2012, extracting 100 BTC from it, currently valued at over $10 million. It is reported that the bar was purchased for only $500 at the time, yielding an investment return of approximately 2,000,000%.

Casascius physical Bitcoins were issued by Mike Caldwell in 2011, embedded with real Bitcoin private keys, and ceased production in 2013 due to regulatory pressure, now becoming a rare collectible in crypto history. According to data from casasciustracker.com, over 10,000 Casascius coins have been redeemed, with more than 18,000 still unclaimed.