Rare physical bitcoin worth $1.78 million gets cashed in after 12 years

Mike Caldwell's rare S1-COIN-25 physical bitcoin, valued at $1.78 million, was finally converted to digital form after being stored for 12 years. This unique piece, part of a 2011-2013 mint, featured a tamper-evident hologram, and its 25 BTC were moved on-chain recently. The event marks a significant moment in the history of physical versus digital cryptocurrency, showcasing the enduring value and technological evolution of Bitcoin. This transaction highlights the growing acceptance and integration of physical collectibles into the broader digital asset ecosystem.