Four Long-Dormant Bitcoin Wallets Activated, Transferring 202.84 BTC Worth $15.73M

Galaxy Research’s on-chain data says four long-silent Bitcoin wallets woke up between August 29 and September 4, moving 202.84 BTC in total. That stash was worth about $15.73 million.

The biggest wallet held 146.06 BTC, or roughly $11.31 million, and had not been touched since November 2013—almost 12.8 years. Its estimated cost basis was $595 per BTC, putting the holder on an unrealized profit of around 12,902%. Then there was another wallet, dormant since November 2011, with 40 BTC valued at $3.09 million, bought at an average price of about $3 per BTC. Wild number. That works out to a 2,571,899% gain, with the original $120 turning into more than $3 million across nearly 15 years.

Two more wallets shifted smaller sums: 10 BTC ($777,000) and 6.78 BTC ($551,000). Galaxy tagged the 6.78 BTC transfer as having a Coinbase recipient, which usually points to a holder looking to sell instead of just relocating the coins.

Some of these reactivated wallets carried the sender label "Noah Doe," tied to a New York state lawsuit that aims to have thousands of dormant addresses declared unclaimed property. Since a judge put the case on pause in June, wallets connected to it have moved multiple times. And this latest activity fits a pattern that has been building since early summer; in August, six wallets moved roughly $40 million over a 10-day stretch.