Bitcoin Investor “JohnGalt” Cashes Out $10M from 13-Year-Old Casascius Physical Bitcoin Gold Bar
2025-07-12 01:23:53
Main Idea
Early Bitcoin investor 'JohnGalt' sold a Casascius physical Bitcoin gold bar from 2012, cashing out $10 million in profits as Bitcoin reached new highs, while an unrelated Bitcoin Cash transaction was exploited from a shared photo.
Key Points
1. JohnGalt liquidated a Casascius physical Bitcoin gold bar held since 2012, containing 100 Bitcoin private keys, for approximately $10 million.
2. The gold bar was originally purchased for $500 when Bitcoin's value was significantly lower.
3. Bitcoin's surge to over $100,000 prompted the sale due to concerns about holding a high-value physical asset.
4. A Bitcoin Cash (BCH) transaction worth around $40,000 was accessed by a community member from a publicly shared photo due to shared private key structures.
Description
Bitcoin investor and early adopter known as “JohnGalt” recently liquidated a Casascius physical Bitcoin gold bar he had held since 2012, according to Coindesk. The gold bar contained 100 Bitcoin
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