Key facts
- Four dormant Bitcoin wallets moved a combined 1,971.03 BTC worth approximately $161 million in the past two weeks.
- The largest transfer involved 1,260.78 BTC, untouched since July 2016.
- A wallet dormant since March 2011 holding 10.25 BTC saw gains of over 8.38 million percent.
- Three of the four wallets carried "Noah Doe" tags linked to a New York abandoned-property lawsuit.
- The movement of long-dormant Bitcoin wallets is extending a trend seen throughout 2026.
Four long-dormant Bitcoin wallets have moved a combined 1,971.03 BTC, valued at approximately $161 million, between September 6 and September 22, according to data from Galaxy Research. This activity continues a trend of ancient Bitcoin stashes reactivating, drawing scrutiny as it may signal the return of lost supply to the market.
The largest of these transfers involved 1,260.78 BTC, worth about $100.63 million, which had been untouched since July 2016. This stash could represent a gain of roughly 12,122% on its original cost basis. The oldest coins, however, showed staggering percentage returns. A wallet dormant since March 2011, holding 10.25 BTC now valued at around $792,000, achieved a gain of over 8.38 million percent from its initial cost basis near $1.
Another significant transfer occurred early Tuesday, with a wallet holding 600 BTC (approximately $51.9 million) moving coins that had been dormant since July 2012. This 14.2-year slumber could have yielded a gain exceeding 1 million percent.
Three of the four wallets carried a "Noah Doe" sender tag. This tag is associated with a New York lawsuit aiming to declare thousands of dormant Bitcoin addresses as abandoned property. Since a judge paused proceedings in June, wallets linked to this case have been increasingly active, extending a trend that has defined Bitcoin's on-chain activity in 2026.