Six dormant Bitcoin wallets move 553.59 BTC worth about $40 million

  • Six dormant Bitcoin wallets resumed activity and transferred funds.
  • 553.59 BTC moved between August 16 and 26, worth approximately $40 million.
  • Five wallets sent Bitcoin to unknown addresses; one transferred 40 BTC to Boerse Stuttgart Digital.

Six Bitcoin wallets created between 2011 and 2014 resumed activity after long periods of inactivity, transferring a combined 553.59 BTC between August 16 and 26. At current prices, the coins were worth approximately $40 million, and one wallet had been inactive for more than 15 years. Five wallets sent funds to addresses not linked to known cryptocurrency exchanges, providing no clear evidence of an immediate sale. The remaining wallet transferred 40 BTC to Boerse Stuttgart Digital, a Germany-based cryptocurrency custody and transaction services provider, though Galaxy Research said the move could reflect custody or another institutional transaction rather than a sale. Alex Thorn, Galaxy Digital Research Head, said activity in long-dormant coins, often called "sleeping Bitcoin," had fallen to its lowest level since the third quarter of 2022 by the second quarter of 2026. Thorn also predicted that transfers from long-inactive wallets during 2026 could total less than half last year’s level.

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