Key facts
- A Bitcoin wallet dormant since late 2017 moved 5,907.56 BTC.
- The transferred Bitcoin is valued at approximately $383.6 million.
- The coins were acquired in December 2017 and moved on July 16, 2026.
- The funds were sent to a new, unidentified wallet, not an exchange.
- The holdings have appreciated by an estimated 291% since acquisition.
A Bitcoin wallet that had been dormant for over 8.5 years, untouched since December 2017, transferred 5,907.56 BTC worth approximately $383.6 million. The move occurred on July 16, 2026, in block 958217. According to Galaxy Research, the holdings have appreciated by an estimated 291%, or about $285.5 million, from their acquisition price. The funds were sent to a new, unidentified wallet, rather than a known exchange address, indicating the holder may not be preparing for an immediate sale. This transfer from a legacy Bitcoin address to a newer bc1q format also suggests an update in wallet standards and potentially lower transaction fees. The sending address was linked by Galaxy Research to the 'Noah Doe' litigation, which involves a plaintiff seeking ownership of dormant Bitcoin addresses.