A Bitcoin address dormant since 2013 moved $33 million, according to Galaxy Research, and it’s among the wallets named in the “Noah Doe” lawsuit.
In brief An address first funded in September 2013 moved 411.45 BTC worth about $33.4 million, to a new wallet on Sunday, its first outgoing transfer ever. The coins cost about $54,000 when Bitcoin traded near $130, and the transfer went to an unlabeled address, not an exchange. Galaxy tagged the address as one of 39,069 named in a New York lawsuit by “Noah Doe” seeking ownership of dormant wallets as abandoned property. 🏚️ 💤 Address awakened — dormant 13+ years — 411.45 BTC sent This address had never sent coins (first funded 2013-09-11, 13.1y ago); it just spent 411.45 BTC ($33.44M) in block 972,036 Address: 13Coop8xFbYj9JR9WyF5EqzGa9GiZmxs7C Coins moved: 411.45 BTC in 2 UTXOs — all held… — Galaxy Research (@glxyresearch) October 18, 2026 Myriad: How high will Bitcoin go? Click to make your prediction. When the wallet was funded, Bitcoin traded around $130, according to Arkham, meaning the stash cost about $54,000. Galaxy put the holder’s average cost basis near $127 and the paper gain at more than 64,000%. It’s unclear whether the owner plans to sell, since the transfer went to an unlabeled address, not an exchange. Galaxy also flagged the address as one of those “dusted” in a 2025 campaign that sent tiny amounts of Bitcoin carrying embedded messages to dormant wallets, which Galaxy has described as groundwork for the abandonment claim. Arkham’s data shows a string of those dust deposits, some labeled as phishing. Each move chips away at the lawsuit’s premise. Spending coins requires the private keys, which suggests at least some of the targeted wallets are anything but abandoned. Galaxy head of research Alex Thorn has said the pace of dormant “Noah Doe” coins moving onchain has been accelerating month over month. Bitcoin BTC · USD $81,974 − 0.65 % 24H 7D 1M 1Y YTD Oct 12 Oct 14 Oct 16 Oct 17 Oct 19 $83.9k $82.7k $81.4k $80.2k 24h High High $83,035 24h Low Low $80,672 Vol Vol $1.2B Market projections Odds by Myriad This week Above $82,000 Above $82k 51 % chance → Buy Bitcoin with USDT Powered by Jupiter $ 50 $ 100 $ 500 Buy Bitcoin Daily Debrief Newsletter Start every day with the top news stories right now, plus original features, a podcast, videos and more. Email address Join free Join 72,000+ readers Create an account to save your articles.