The Bitcoin investor recently canceled a wealth insurance after recovering the Casascius material that he bought in 2012 – but not without a costly error.
Known as “Johngalt” on Bitcontalk, the adopted early revealed that he was carrying 100 BTC Casasius Bar for more than 13 years. He bought this for only $ 500 when Bitcoin was trading at $ 5.
Physically pressed 10 million bitcoin dollars
Bitcoin contract or encryption has become completely clearly clear in recent months. With the high kidnapping of encryption all over the world, the risks have become clear.
On May 13, 2025, early inFifthEstor Known as “Johngalt” to benefit from a decade -long BTC physical group.
He exfoliates the Holgram, revealed the private key, and transferred 100 full BTC – which is now worth more than $ 10 million – to new addresses.
It was the deal certain On the chain and its participation with the Bitcontalk community, on the occasion of one of the largest physical bitcoin recovery processes so far.
Jonglet explained that he avoided recovery for years due to the tremendous pressure to store such high -value assets.
“I didn’t want to recover it, for me, a material bitcoin has not been replaced seems to be more than just money,” he wrote.
Try selling the tape several times, including exploring auction options. But conflicts in evaluation and confidence fears were always standing on the way.
With Bitcoin’s value to $ 100,000, he decided that the risk of detention of one object worth eight numbers is no longer worth it.
The complex salvation process
Johngalt shared the technical details of the process with the forum. Initially try to use Electrum on Android to sweep the money but faced compatibility problems with the special Mini keys.
In the end, he turned to bitaddress.org to turn the small key into useless format. He created new wallets with Trezor Suite and sent the BTC manually to secure headlines.
He stressed that the money had moved safely before it publicly revealed the salvation of the righteous.
Expensive supervision: Bitcoin Cash demands a stranger
In a decisive incorrect, Johngalt posted a picture of Casascius Key Online without first claiming Bitcoin Cash (BCH) – a major fork from Bitcoin.
Since BCH uses the same special key system, a person watched the Bch Forum has swept after only nine minutes of the post. The missing Bch is more than $ 40,000.
The encryption community responded with a mixture of admiration and sympathy. Many praised his nerves, describing him as a legend for a 13 -year -old contract.
Others shared fears of the risk of storing the physical currency-including fire damage, adhesive failure, and floods-which could destroy stereotypes or shed keys to tampering.
Many users noticed the emotional and logistical weight of the unrestricted metal currency contract, echoing the bodily storage anxiety of millions of millions.
Although BTC recovery, Johngalt confirmed that he will not sell the empty tape now-which is still an important part of Bitcoin’s early history.
Disintegration
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2025-07-01 20:00:00
