Ancient Bitcoin Wallet That Turned $120 Into $3 Million Wakes Up
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The parade of long-dormant Bitcoin wallets springing back to life is showing no signs of slowing, with at least four more ancient stashes stirring in recent days, one of them apparently headed for a sale.
Key facts
- A 40 BTC wallet dormant since November 2011 followed, worth around $3.09 million and up a staggering 2,571,899% from an average cost of roughly $3
- Two smaller wallets rounded out the batch: 10 BTC untouched since June 2011, worth about $777,000, and 6.78 BTC last active in February 2011, valued near $551,000
- According to Galaxy Research's blockchain monitoring, the awakened wallets moved a combined 202.84 BTC, worth roughly $15.73 million, between Aug. 29 and Sept. 4
- The largest, holding 146.06 BTC, or about $11.31 million, had sat untouched since November 2013, nearly 12.8 years, and delivered a gain of about 12,902% on a cost basis near $595
Summary
Four more long-dormant Bitcoin wallets awakened between Aug. 29 and Sept. 4, moving a combined 202.84 BTC (~$15.73 million), per Galaxy Research—led by a 146.06 BTC stash ($11.31M) untouched since 2013. The 2011-era coins carried astronomical gains, including a 40 BTC wallet up over 2.5 million percent; one 6.78 BTC transfer was tagged with a Coinbase recipient attribution, typically signaling intent to sell. The moves extend a summer-long trend, following an earlier wave that shifted roughly $40 million in 10 days, with several wallets carrying "Noah Doe" lawsuit tags. According to Galaxy Research's blockchain monitoring, the awakened wallets moved a combined 202.84 BTC, worth roughly $15.73 million, between Aug. 29 and Sept. 4.