A bitcoin address that had sat untouched since 2013 moved 411.45 BTC on October 18 at 18:23 UTC, a transfer worth approximately USD 33.4 million at the time, according to a report published by Arkham Intelligence on October 19, 2026.
The funds were sent to a SegWit native address beginning with the prefix 'bc1q', which Arkham does not identify as belonging to any exchange. No subsequent movement of the coins has been reported since they arrived. The transaction itself carried a fee of just 337 satoshis, equivalent to roughly USD 0.27, and left behind approximately 0.0011 BTC in the original address.
The address had been funded on September 11, 2013, when bitcoin traded at approximately USD 131. At that price, the 411 BTC deposited were worth about USD 54,000. The coins have since appreciated more than 600 times in value. Galaxy Research, using an average cost basis of USD 127 per bitcoin, calculated a gain exceeding 64,000 percent on the position.
A name tied to a New York lawsuit
What distinguishes this case from other dormant-wallet awakenings is the address's connection to ongoing litigation in New York. Galaxy Research has labelled the address 'Noah Doe #970', linking it to a lawsuit in which a plaintiff named Noah Doe and two Wyoming-registered companies claim rights over 39,069 bitcoin addresses, together holding approximately 3.8 million BTC.
As part of the litigation, some of the claimed addresses have received small amounts of bitcoin carrying messages intended to notify possible owners of the case. The address that moved on October 18 was among those named in the dispute, though the transfer itself offers no indication of who controls the private keys or why the funds were moved at this particular moment.
A pattern of long-dormant coins resurfacing
Addresses that have been inactive since bitcoin's early years periodically draw attention from blockchain analytics firms whenever they show signs of life, given the scale of the gains involved and the questions they raise about custody, inheritance, or lost access being resolved after long periods. This case adds a legal dimension absent from most such episodes, since the address in question is explicitly named among tens of thousands cited in the New York proceedings over allegedly abandoned bitcoin holdings.
Arkham Intelligence's report does not state whether the transfer has any bearing on the lawsuit's claims, and no further movement of the 411.45 BTC has been recorded since it reached its new address.
