Dormant Bitcoin wallet moves 40 BTC after nearly 15 years, realizing $3.09 million

  • A dormant Bitcoin wallet transferred its entire 40 BTC balance.
  • 2,571,899% was the reported gain from Bitcoin bought for about $120 in 2011.
  • The address is named in a New York lawsuit targeting 39,069 dormant Bitcoin addresses.

A Bitcoin wallet that acquired 40 BTC for about $120 in November 2011 transferred its entire balance on September 3, 2026, recording a gain of $3.09 million, or more than 2,571,899%. The transaction appeared in block 965330 after the wallet had remained inactive since November 5, 2011. The address has been identified as "Noah Doe #38097," a designation connected to a New York class-action lawsuit targeting 39,069 dormant Bitcoin addresses and seeking to reclaim roughly 3.7 million to 3.8 million BTC, potentially worth up to $293 billion at current prices. The movement challenges the lawsuit's abandonment theory because control of the private keys (credentials that authorize blockchain transfers) allowed the funds to be moved. The receiving address has not been linked to an exchange or known custodian, indicating a transfer to another personal wallet rather than a sale. Another wallet from 2011 moved 49.97 BTC worth approximately $3.2 million on August 6, 2026. If a court order released 3.7 million to 3.8 million BTC into circulation, liquid Bitcoin supply would rise by nearly 20% from the roughly 19.7 million coins circulating. The case could also influence whether escheatment laws (rules for reclaiming abandoned property) are applied to digital assets.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.