Peelable protective thread cover - GIF

[Frank S]

That does not answer the question, which is basically "Is it reusable?"

I don't see why it wouldn't, but I doubt the company receiving the bolts bother collecting it for reuse. But yes according to at least 1 supplier.
https://www.dipseal.com/plastic-dipp...s-from-dipseal
4. Environmentally Friendly and Reusable
Many DipSeal coating compounds are reusable, offering a sustainable solution for tool protection. After use, the wax can be melted down, filtered, and reapplied multiple times. This reduces waste and helps maintain a cleaner, more efficient process.

Because DipSeal’s hot melt coatings are solvent-free and contain no volatile organic compounds (VOCs), they also provide an environmentally responsible alternative to sprays and chemical coatings.