Four dormant Bitcoin wallets move 202.84 BTC worth $15.73 million

  • Galaxy Research recorded four dormant Bitcoin wallets moving a combined 202.84 BTC between Aug. 29 and Sept. 4, 2026.
  • The transfers were worth roughly $15.73 million, including 40 BTC bought for about $120 in 2011 and later valued at $3.09 million.
  • The 40 BTC address is tied to a New York lawsuit over 39,069 dormant addresses, while a separate 6.78 BTC transfer reached Coinbase.

Galaxy Research recorded four long-dormant Bitcoin wallets moving a combined 202.84 BTC, worth roughly $15.73 million, between Aug. 29 and Sept. 4, 2026. The transfers included 146.06 BTC untouched since November 2013, 40 BTC acquired for about $120 in November 2011, 10 BTC last active in June 2011 and 6.78 BTC last active in February 2011. The 40 BTC wallet, identified as "Noah Doe #38097," transferred its full balance on Sept. 3 in block 965330 after nearly 15 years of inactivity; its receiving address was not linked to an exchange or known custodian, suggesting a move to personal custody rather than a sale. Galaxy attributed the 6.78 BTC recipient to Coinbase, providing a stronger indication of possible selling, although blockchain transfers alone do not establish the owners' intent. The activity has renewed attention on a New York lawsuit targeting 39,069 dormant addresses and seeking claims over roughly 3.7 million to 3.8 million BTC, while the reason for the broader movement remains unclear.

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