💸 Ancient Bitcoin wallets are waking up — and the pace is accelerating
Four more long-dormant wallets moved a combined 202.84 BTC (~$15.73M) between Aug. 29 and Sept. 4, per Galaxy Research. The headline case: 40 BTC bought in 2011 for roughly $120 total is now worth $3.09M — a 2,571,899% gain from doing nothing for 15 years.
🔸 146.06 BTC ($11.31M) — untouched since 2013, up ~12,900%
🔸 6.78 BTC sent to Coinbase, signalling likely sale
🔸 Several wallets tagged "Noah Doe" — a New York lawsuit seeking to have dormant addresses declared abandoned property
This follows an August wave that moved ~$40M in ten days. Galaxy's data shows Bitcoin's oldest cohort reactivating at an unusual rate for 2026. If the trend holds, the supply-side pressure builds slowly — but it builds.
Decrypt
Four more long-dormant wallets moved a combined 202.84 BTC (~$15.73M) between Aug. 29 and Sept. 4, per Galaxy Research. The headline case: 40 BTC bought in 2011 for roughly $120 total is now worth $3.09M — a 2,571,899% gain from doing nothing for 15 years.
🔸 146.06 BTC ($11.31M) — untouched since 2013, up ~12,900%
🔸 6.78 BTC sent to Coinbase, signalling likely sale
🔸 Several wallets tagged "Noah Doe" — a New York lawsuit seeking to have dormant addresses declared abandoned property
This follows an August wave that moved ~$40M in ten days. Galaxy's data shows Bitcoin's oldest cohort reactivating at an unusual rate for 2026. If the trend holds, the supply-side pressure builds slowly — but it builds.
Decrypt