Four wallets that had not signed a transaction in over a decade moved 1,971.03 bitcoin between September 6 and September 22, according to Galaxy Research. The cohort transferred roughly $161 million at current prices, the latest cluster in a pattern that has accelerated since a New York court paused an abandoned-property case in June.
The largest stash woke after ten years
The biggest mover held 1,260.78 BTC, worth about $100.6 million, and had last been active in July 2016. On a cost basis near $652 per coin, that position represents a gain of roughly 12,122 percent. The wallet moved on September 6, the first day of the two-week window.
Earlier vintages show even steeper paper returns
A 10.25 BTC wallet dormant since March 2011, when bitcoin traded around $1, now carries a value near $792,000, a paper gain exceeding 8.38 million percent. Another 100 BTC untouched since November 2011, valued at about $8.09 million, sits up roughly 2.49 million percent. The most recent transfer, 600 BTC worth $51.9 million, moved early Tuesday from a wallet last used in July 2012, implying a gain above one million percent.
Three wallets carry the Noah Doe tag
Three of the four addresses are labeled "Noah Doe" in Galaxy's dataset, linking them to a New York lawsuit that seeks to declare thousands of dormant bitcoin addresses abandoned property. A judge stayed the proceedings in June; since then, wallets named in the case have reactivated at regular intervals. The plaintiff argues the coins are unclaimed; the defense says the statute of limitations does not apply to bearer assets. The court has not ruled on the merits.
On-chain data stops at the transfer
A movement on the blockchain does not distinguish between a sale, a consolidation, or a custody change. The destination of the 600 BTC sent Tuesday is not identified in public data. Galaxy Research flags the addresses but does not attribute ownership. With so few early miners and buyers still holding private keys, each reactivation is treated as a potential supply signal, though the intent remains opaque until the coins hit an exchange or a known custodian.