Bitcoin Gold Bar Unsealed After 13 Years Sparks $50K Loss

In one of the most jaw-dropping Bitcoin gold bar redemption stories in recent memory, a decade-old Casascius gold – holding a treasure trove of 100 BTC– was finally cracked open. But just as the crypto community cheered the massive return, a costly misstep  turned the celebration bittersweet.

From $500 to $10 Million– The BTC Time Capsule

Back in 2012, when  was still a fringe experiment, one user bought a 100 BTC Casascius  for just $500. Fast forward to 2025, that same  is now worth over $10 million. After holding it tightly for 13 years, the owner finally peeled back the bar’s security hologram and transferred the to newer wallets.

Interestingly, he didn’t cash out. Instead, he split the coins across multiple addresses– a strategic move focused on security rather than liquidation.

What Are Casascius?

Casascius are physical  collectibles from the early 2010s, Bitcoin gold bar embedded with private keys. They’re now considered rare treasures. Only 35 unopened 100-BTC blocks are believed to remain, according yop Casascius records.

Once traded freely, sometimes at premiums up to 125 BTC, these gold-plated pieces are now mostly auctioned for storage by collectors. With rising concerns over physical security and potential  theft, most kept untouched in Bitcoin gold bar.

Crypto twitter Reacts: “Best ROI Ever”

The story of the redemption quickly went viral.

Source: Twitter

But just when it seemed like a legendary win, things took a turn.

A $50K+ Loss in Forked Coins After Mini-Key Slip

In a critical misstep, the owner posted the mini-key publicly on the Forum while explaining how he accessed the funds. Since the wallet dated back before  major forks like Cash (BCH) and Bitcoin SV (BSV), it held forked versions of those 100 BTC.

Within a minute, someone swept 100 BCH (worth over $50,000) and other forked tokens. A user named Nexusrushrush later admitted to the act and returned the BCH to the original address– baby then, it was already compromised and vulnerable to further attacks. No compensation followed.

A Risky Reminder for the Crypto World

This story, while incredible, is a stark reminder of the risks tied to real-world private keys and physical crypto storage. One simple misstep can cost thousands or even million in Bitcoin gold bar .