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Bitcoin
2026-09-04 10:12:47

Dormant 2011 Bitcoin wallet moves 40 BTC, undercutting New York abandoned-property claim

A Bitcoin address that had sat untouched since Nov. 5, 2011 moved its full balance of 40.00001152 BTC on Sept. 3, 2026, after roughly 14 years and 10 months of inactivity. The coins were worth less than $120 when they first arrived, based on Bitcoin trading near $3 at the time, and about $3.09 million when they were transferred. At publication, with Bitcoin at $80,962, the holdings were worth about $3.24 million. Galaxy Research identified the sending address as "Noah Doe #38097" and said it appears on a list of 39,069 addresses named in a New York lawsuit that seeks ownership of roughly 3.7 million to 3.8 million BTC said to be "abandoned." Depending on the price point used, the value tied to the broader claim has been reported at $285 billion to $293 billion. The case, filed as 153119/2026 in New York County Supreme Court, relies on New York Personal Property Law § 7-B. The address had previously received two blockchain-based legal notices, including one marked "COURT-ORDERED LEGAL NOTICE." But the latest movement adds to a growing set of named wallets that have become active since the suit was filed. Alex Thorn of Galaxy Research said 52 listed addresses have moved 34,335 BTC since the case began. On-chain data cited in the report shows the Sept. 3 transfer went to a new bc1 address and had not moved again by press time, indicating a wallet transfer rather than a confirmed sale.

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Dormant 2011 Bitcoin wallet moves 40 BTC, undercutting New York abandoned-property claim
Bitcoin
2026-08-29 15:33:53

Galaxy data shows decade-old Bitcoin moving at an unusually fast pace in 2026

Bitcoin that had not moved for 10 years or longer is becoming active at a pace rarely seen, according to fresh data from Galaxy Research. The firm’s chart, which tracks yearly activity by age cohort since 2012, shows a visibly larger share of 10-year-and-older coins moving in 2026 even though the year is not yet complete. Galaxy said six wallets dormant since 2011, 2012, and 2014 moved a combined 553.59 BTC between Aug. 16 and Aug. 26, worth about $40.15 million. Among the transfers, one wallet moved 212 BTC that had sat untouched since August 2012, while another shifted 10.74 BTC dormant since June 2011. A separate 40 BTC transfer, last active in May 2012, was sent to German custody bank Boerse Stuttgart Digital. The report says some reactivated wallets carry a “Salomon Client Dusted” tag linked to the Noah Doe lawsuit in New York, which seeks to classify roughly 39,069 dormant addresses as abandoned property. Galaxy also pointed to the Coldcard hardware-wallet exploit, during which about 233,000 BTC left long-term wallets. The activity comes during a volatile market stretch. Bitcoin fell to as low as $76,877 on Friday after Federal Reserve Chair Kevin Warsh struck a hawkish tone at Jackson Hole. Even so, U.S. spot Bitcoin ETFs pulled in $2.8 billion over eight straight days through Wednesday, while Myriad prediction-market traders still favored a move toward $84,000 over a drop to $55,000.

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Galaxy data shows decade-old Bitcoin moving at an unusually fast pace in 2026
Six Dormant Bitcoin Wallets Move 553.59 BTC Worth About $40M
Six Dormant Bitcoin Wallets Moved ~$40M in BTC, Mostly Not to Exchanges
Six dormant Bitcoin wallets older than 10 years moved 553.59 BTC over 10 days
Six Bitcoin wallets dormant for over a decade moved about $40 million in BTC within 10 days
Six dormant Bitcoin wallets moved 553.59 BTC in 10 days after more than a decade of inactivity