Ancient Bitcoin Wallet That Turned $120 Into $3 Million Wakes Up — SkimNews
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- Galaxy Research tracked four dormant wallets moving a combined 202.84 BTC (~$15.73 million) between Aug. 29 and Sept. 4
- The largest wallet, holding 146.06 BTC (~$11.31M), sat untouched since November 2013 and delivered a ~12,902% gain on a cost basis near $595
- A 40 BTC wallet dormant since November 2011 turned roughly $120 into ~$3.09 million, a 2,571,899% gain over nearly 15 years
- The 6.78 BTC transfer was tagged with a Coinbase recipient attribution, typically signaling intent to sell rather than simply relocate funds
- Several reawakened wallets carried "Noah Doe" sender tags referencing a New York lawsuit seeking to declare dormant addresses abandoned property, with proceedings paused by a judge in June
- The flurry extends a summer trend, following an earlier August wave that moved roughly $40 million across six wallets in a 10-day stretch
Why it matters: The Coinbase-tagged transfer is the clearest signal yet that at least one vintage holder may be preparing to liquidate decade-old supply into the market, a material event given that Bitcoin's oldest cohort is stirring at a pace rarely seen in 2026. Combined with a New York lawsuit pressing to declare dormant addresses abandoned, these awakenings reopen the question of how much long-lost BTC could soon return to circulation.
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