A long-term Bitcoin investor known pseudonymously as ‘JohnGalt’ has liquidated a Casascius physical Bitcoin gold bar acquired in 2012 for approximately $10 million in profits. The collector’s item contained private keys to 100 BTC and was originally purchased for $500 when Bitcoin traded at a fraction of its current value.
The sale was triggered by Bitcoin’s rally beyond the $100,000 threshold and growing security concerns around storing high-value physical assets. In an unrelated incident, a separate Bitcoin Cash transaction involving roughly $40,000 was exploited after a community member extracted private keys from a publicly shared photograph, exposing vulnerabilities in key management practices.