A long-dormant Bitcoin wallet has recently seen activity after remaining inactive for over 14 years. According to a post by Galaxy Research, 30 BTC, untouched since being received on August 7, 2011, were transferred in Bitcoin block 956627, marking a dormancy period of 14 years and 9 months.
The moved Bitcoin is valued at approximately $1.88 million based on current market prices. The realized profit from this transaction amounts to $1.84 million, representing a staggering gain of 719,353% after the coins were acquired at an average price of just $9.
Details of the Transaction
As reported by Galaxy Research, the recovered coins are believed to belong to the so-called 'Noah Doe' set of coins. The transfer highlights a noteworthy trend as more dormant 'Noah Doe' coins have begun to move on-chain, suggesting an acceleration in previous dormant assets being utilized.
Alex Thorn, head of research at Galaxy, noted the increasing rate of 'Noah Doe' coins moving and stated that more transactions of these long-silent wallets are expected in the coming months. The heightened activity indicates a significant change in the handling of these dormant coins.
Market Context
Currently, Bitcoin's trading price stands at $62,719, which is a 50.29% decline from its all-time high of $126,198 reached in October 2025. This recent spike in activity among dormant wallets aligns with ongoing market dynamics.
'Noah Doe' refers to one of the anonymous plaintiffs in a legal case seeking to claim ownership of 3.8 million previously dormant BTC spread across numerous addresses, including coins associated with Bitcoin's enigmatic originator, Satoshi Nakamoto. The plaintiffs include two unnamed Wyoming LLCs, which further complicates the narrative surrounding these dormant assets.
