Wallet holding 600 BTC since 2012 wakes, lifting two-week dormant tally to 1,971 BTC
- A Bitcoin wallet funded in July 2012 moved 600 BTC, worth ~$51.9 million, on Tuesday.
- Four decade-old wallets shifted 1,971.03 BTC between September 6 and September 22.
- Three of the four wallets carry “Noah Doe” tags tied to a New York lawsuit over dormant wallets.
A Bitcoin wallet that had not moved in over 14 years transferred 600 BTC on Tuesday, worth ~$51.9 million, Galaxy Research wrote on X.
The transfer brings a two-week total of reactivated decade-old coins to 1,971 BTC in four wallets.
Galaxy logs a $48.71 million realized profit on the transfer
Address 1K6vURxUuK6uUCeXxk31PCyDahAu1raunh first received its Bitcoin on July 14, 2012. Then it fell silent for 14.2 years until it signed a transaction in block 968116.
Galaxy logged a realized profit of $48.71 million on the move. The transfer was flagged Tuesday at 07:22 UTC. The haul was worth about $51.15 million at $85,252.28 a Bitcoin.
The network fee was 0.000057 BTC. Coins were transmitted to 1 new address, from inputs of 200, 200, 100, 50, 25, 15 and 10 BTC.
The wallet was funded when Bitcoin was trading in the single digits. BTC closed at $7.06 on July 10, 2012, which put 600 coins at ~$4,236.
That difference tracks Bitcoin’s appreciation, not the owner’s actual cost or profit. And a move between addresses doesn’t confirm a sale.
A July 2016 address supplied 1,260.78 BTC of the $161 million
Between September 6 and 22, four wallets that had not been touched in over a decade moved 1,971.03 BTC. The total is about $161 million.
Its estimated cost basis was near $652 a coin and it moved 1,260.78 BTC, or $100.63 million, from an address that had been quiescent since July 2016.
The gain implied on that wallet is ~12,122%. The 2012 coins are up over 1,000,000%.
One wallet held 10.25 BTC, now worth ~$883,000, untouched since March 2011 while another shifted 100 BTC worth $8.09 million, untouched since November 2011.
And a six-wallet stretch in mid-August moved ~$40 million. 202.84 BTC moved from August 29 to September 4.
Total in 2 weeks is ~0.01% of circulating supply of ~19.8 million coins.
On-chain analytics reveal that 3 of the 4 wallets have sender tags of “Noah Doe.” That includes the 100 BTC address tagged “Noah Doe #3113” that moved on September 19.
Tags pertain to a New York Supreme Court case filed March 11 and amended May 1. A pseudonymous plaintiff wants 39,069 dormant wallets declared abandoned property, and Judge Kathy J. King has kept the case stayed since early June.
The wave from August 29 to September 4 saw a 6.78 BTC transfer tagged to Coinbase.
Galaxy Digital’s Alex Thorn, in July, said that movement of dormant Bitcoin in the second quarter was at its lowest since Q3 2022, with 2026 on pace to reactivate less than half the coins that moved in 2025, Cryptopolitan reported.
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FAQs
How much was the 2012 wallet's 600 BTC worth when it moved?
About $51.9 million, with a realized profit of $48.71 million.
What is the Noah Doe lawsuit?
A New York Supreme Court case seeking to have 39,069 dormant Bitcoin wallets declared abandoned property.
Does the wallet moving mean the Bitcoin is being sold?
Not necessarily. A move between addresses does not confirm a sale.
Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Randa Moses
Randa Moses is an editor and reporter at Cryptopolitan covering tech, AI, robotics, crypto, scams, and hacks. She has worked in the crypto space since 2017. She held roles at Forward Protocol, AmaZix, and Cryptosomniac. Randa holds a degree in Electrical and Electronics Engineering from the University of Bradford.
