Six Dormant Bitcoin Wallets Worth $40.15 Million Moved After More Than a Decade

According to Huoxing Finance, Galaxy Research monitoring showed that between August 16 and 26, six Bitcoin wallets that had not moved funds since 2011, 2012, or 2014 were reactivated, collectively transferring 553.59 BTC, with a total value of approximately $40.15 million at the time of transfer. The largest single transaction came from a wallet dormant for 14 years, which sent 212 BTC, valued at around $13.66 million; another wallet inactive since 2014 transferred 150 BTC, worth $11.75 million. Three wallets originating from 2011 collectively sent 132.31 BTC, valued at $10.37 million. The most recent transaction involved a wallet dormant for 14.2 years, transferring 40 BTC worth approximately $3.14 million, with funds deposited into the German crypto custody bank Boerse Stuttgart Digital. Based on an estimated initial cost of about $5 per BTC, the potential return on this batch of BTC is approximately 1,535,911%. The receiving addresses for the other five transactions have not been flagged as exchanges, so it remains unclear whether the holders intend to sell. Two of the six wallets carry the label “Salomon Client Dusted,” linked to a lawsuit in New York State attempting to classify 39,069 dormant Bitcoin addresses as unclaimed property. While a hardware wallet security incident may have prompted some long-term holders to move funds, neither scenario explains the activity of the remaining four wallets.