Four long-inactive Bitcoin wallets have moved a combined 1,971.03 BTC worth approximately $161 million over a two-week period, according to Galaxy Research's blockchain monitoring.
Between September 6 and September 22, the largest transfer involved 1,260.78 BTC valued at roughly $100.63 million that had remained untouched since July 2016—more than 10 years. This movement represented a gain of approximately 12,122% from an estimated cost basis near $652.
The oldest coins in the batch generated significantly larger percentage gains. A wallet dormant since March 2011 held 10.25 BTC now worth about $792,000, representing a gain exceeding 8.38 million percent from an average cost around $1. Another 100 BTC untouched since November 2011 and now valued at approximately $8.09 million showed gains of roughly 2.49 million percent.
The most recent movement occurred early Tuesday when a 600 BTC wallet worth about $51.9 million transferred coins that had been dormant since July 2012—a 14.2-year period that could represent a gain exceeding 1 million percent.
Three of the four wallets carried a Noah Doe sender tag, referencing a New York lawsuit seeking to have thousands of dormant Bitcoin addresses declared abandoned property. Named wallets tied to that case have shown activity regularly since a judge paused proceedings in June.
These movements extend a 2026 trend of decade-old Bitcoin wallets reactivating. An earlier wave saw six wallets move roughly $40 million in a single 10-day stretch, with blockchain data showing Bitcoin's oldest cohort—coins untouched for a decade or more—stirring at an uncommon pace.
The activity draws attention because relatively few holders from Bitcoin's earliest days maintain control of their private keys, making each wallet reactivation a potential indicator of long-dormant supply returning to circulation. A transfer alone does not indicate whether an owner is selling, consolidating holdings, or shifting to new custody arrangements.
