Four dormant Bitcoin wallets move $161 million after years of inactivity

  • Four dormant Bitcoin wallets transferred a combined 1,971.03 BTC.
  • $161 million represented the approximate combined value of the four transfers.
  • Three wallets used a "Noah Doe" sender tag linked to a New York lawsuit.

Four long-dormant Bitcoin wallets transferred a combined 1,971.03 BTC worth about $161 million between Sept. 6 and Sept. 22, according to Galaxy Research's blockchain monitoring. The largest wallet moved 1,260.78 BTC valued at about $100.63 million after remaining untouched since July 2016, representing a potential gain of roughly 12,122% from a cost basis near $652. A wallet dormant since March 2011 moved 10.25 BTC now worth about $792,000, up more than 8.38 million percent from an average cost around $1. Another 100 BTC, untouched since November 2011, was worth about $8.09 million and had gained roughly 2.49 million percent. The latest transfer involved 600 BTC worth about $51.9 million from a wallet dormant since July 2012, a 14.2-year period, and could represent a gain of more than 1 million percent. Three wallets carried a "Noah Doe" sender tag linked to a New York lawsuit seeking to have thousands of dormant Bitcoin addresses declared abandoned property. Wallets named in the case have been active regularly since a judge paused the proceedings in June. The transfers extend a broader 2026 pattern in which Bitcoin's decade-old holdings have stirred at an unusually high pace. Such movements can indicate supply returning to circulation, but a transfer alone does not show whether coins are being sold, consolidated or moved into new custody. The recipient of the latest 600 BTC transfer was not identified on-chain.

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