Dormant Bitcoin From 2011 Moves After 14 Years, Up Over 700,000%

A Bitcoin wallet that has been dormant for more than 14 years has suddenly awakened. Galaxy Research reported this development in a recent X post.

According to Galaxy Research, 30 $BTC, untouched since they were first received on August 7, 2011, were moved in Bitcoin block 956627. Taken from the time they were first received, the period of dormancy equates to 14 years and 9 months.

The $BTC moved is believed to be part of the ‘Noah Doe’ coins and is worth $1.88 million at current Bitcoin prices.

The realized profit on the Bitcoin tokens is given as $1.84 million, a 719,353% gain, given that they were bought at an average price of $9 and held for 14.9 years.

Bitcoin price currently trades at $62,719, down 50.29% from an all-time high of $126,198 reached in October 2025.

More ‘Noah Doe’ coins moving

In a separate X post, Galaxy head of research Alex Thorn shed further light on the dormant Bitcoin moved. As previously stated, the coins are part of a Noah Doe set that has been dormant for nearly 15 years.

“More Noah Doe coins moving,” Thorn said, adding that the pace of dormant coins claimed by “Noah Doe” moving on-chain has been accelerating month over month.

‘Noah Doe’ is one of the anonymous plaintiffs who asked a New York court to declare them owners of 3.8 million long-dormant $BTC coins across 39,069 addresses, including those tied to Bitcoin’s mysterious creator, Satoshi Nakamoto. The other plaintiffs are two unnamed Wyoming LLCs (“ABC Company” and “XYZ Company,” the “Wyoming LLCs”).

Put simply, Noah Doe and the Wyoming LLCs asked the court to declare that they own 39,069 dormant Bitcoin addresses and everything in them. The legal vehicle is a declaratory judgment to quiet title, and the engine underneath it is New York’s lost-and-found statute.

In a recent development in the lawsuit, a real defendant has surfaced: “John Doe 33,” who has filed the opening salvo of a motion to dismiss, arguing that the entire case is void.