Thirty BTC that had not moved since 2011 were transferred in Bitcoin block 956627, according to Galaxy Research. At the market price cited in the report, the coins were worth about $1.88 million. With an original acquisition cost of roughly $9, the unrealized gain came to about $1.84 million, equal to a 719,353% increase.
The transfer drew attention for more than its age. Analysts suspect the 30 BTC are tied to the wallet cluster widely referred to as Noah Doe in crypto circles. When the news circulated, Bitcoin was trading at $62,719, about 50.29% below its all-time high of $126,198 recorded in October 2025. Even at that lower level, the return on these coins remained extraordinary.
Galaxy Research says Noah Doe-linked wallets are getting more active
Alex Thorn, head of research at Galaxy Research, said the moved coins were part of the long-dormant Noah Doe group. He also said wallets associated with Noah Doe have been showing faster on-chain movement in recent months. That pattern has been closely watched by researchers and market participants, especially because old Bitcoin addresses often raise questions about ownership and possible future transfers.
New York case seeks recognition over 3.8 million BTC
Noah Doe has also surfaced in a New York court case as an anonymous plaintiff seeking formal recognition of ownership over 3.8 million Bitcoin spread across 39,069 addresses. The report says some of those addresses are claimed to be linked to wallets associated with Satoshi Nakamoto. Two anonymous companies headquartered in Wyoming are also involved in the case.
At the center of the filing is a request for the court to determine who owns the Bitcoin held in those long-inactive addresses under New York law. The source notes that the state's rules on lost property can, in some cases, allow claims on assets that have remained unclaimed or without a clearly identified owner for a long period.
Procedural objection adds pressure to the dispute
The court file recently took another turn. An individual identified as John Doe 33 submitted the first procedural objection, arguing that the case is invalid and asking the court to dismiss it. That development puts the focus not only on a rare on-chain move from an old wallet, but also on an expanding legal fight over some of the earliest Bitcoin holdings.
The transfer of 30 BTC is small in size compared with the broader claim, yet it has renewed attention on where early coins came from, who controls them, and how ownership of dormant addresses may be challenged in court.