A Bitcoin wallet that had been inactive for more than 14 years transferred 600 BTC on Tuesday, worth about $51.9 million, Galaxy Research said in a post on X dated September 22, 2026. The transaction was flagged at 07:22 UTC in block 968116 and generated a Galaxy-estimated realized profit of $48.71 million. The coins moved to one new address from inputs of 200, 200, 100, 50, 25, 15 and 10 BTC. The wallet first received Bitcoin on July 14, 2012, when the asset traded in the single digits. Bitcoin closed at $7.06 on July 10, 2012, implying a historical value of about $4,236 for 600 BTC, though that comparison does not establish the owner’s actual cost or profit, and an address transfer does not confirm a sale. The coins were valued at about $51.15 million at a Bitcoin price of $85,252.28, while the network fee was 0.000057 BTC. The move contributed to a total of 1,971.03 BTC reactivated across four wallets between September 6 and September 22, worth about $161 million and equivalent to roughly 0.01% of the approximately 19.8 million circulating coins. One wallet dormant since July 2016 moved 1,260.78 BTC, valued at $100.63 million, from an estimated cost basis near $652 per coin; the implied gain was about 12,122%. Other cited movements included 10.25 BTC untouched since March 2011 and 100 BTC dormant since November 2011. On-chain analytics showed sender tags reading "Noah Doe" for three of the four wallets, including the 100 BTC address tagged "Noah Doe #3113" that moved on September 19. Those tags relate to a New York Supreme Court case filed March 11 and amended May 1, in which a pseudonymous plaintiff seeks to have 39,069 dormant wallets declared abandoned property. Judge Kathy J. King has kept the case stayed since early June. Galaxy also cited a 6.78 BTC transfer tagged to Coinbase during the August 29-to-September 4 wave and said a six-wallet stretch in mid-August moved about $40 million, including 202.84 BTC from August 29 to September 4. Galaxy Digital’s Alex Thorn said in July that dormant-Bitcoin activity in the second quarter was at its lowest since the third quarter of 2022, while Cryptopolitan reported that 2026 was on pace to reactivate less than half as many coins as 2025.