Bitcoin wallet named in Noah Doe lawsuit moves $33.4 million after 13 years
In brief
- Address "13Coop," dormant since Sept. 2013, moved 411.45 BTC (about $33.4M), per Galaxy Research.
- Galaxy tagged the wallet "Noah Doe #970," one of 39,069 addresses named in a New York lawsuit.
- Arkham data showed the coins went to a single new address, not an exchange.
- Galaxy's Alex Thorn said dormant "Noah Doe" coin moves are speeding up month over month.
What moved, and where it went
Galaxy's post said the coins left in 2 UTXOs in block 972,036, valued at $33.44 million. The full address is 13Coop8xFbYj9JR9WyF5EqzGa9GiZmxs7C (viewable on the blockchain).
"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"
Arkham data showed the coins were sent to a single new address, where they stayed. The entry price was tiny. Bitcoin traded around $130 when the wallet was funded, according to Arkham, which puts the stash's cost at about $54,000 (Galaxy estimated the holder's average cost basis near $127 and the paper gain at more than 64,000%).
Is the owner selling? It's unclear. The coins went to an unlabeled address, not an exchange.
The Noah Doe lawsuit
The suit was filed this year by a pseudonymous plaintiff called Noah Doe and two Wyoming companies. The plaintiffs argue that the targeted wallets, which hold about 3.8 million BTC, qualify as abandoned property under New York's lost-and-found law, even though they don't hold any of the private keys.
Galaxy also flagged the address as one that was "dusted" in a 2025 campaign that sent tiny amounts of Bitcoin with embedded messages to dormant wallets. Galaxy has described that campaign as groundwork for the abandonment claim, and Arkham's data showed a series of dust deposits to the address, some of which Arkham labeled as phishing.
Spending coins requires the private keys.
As Decrypt noted, that suggests at least some of the targeted wallets aren't abandoned.
Old coins are waking up
Bitcoin's oldest coins have been moving at an unusual rate in 2026, according to Galaxy Research data. Galaxy head of research Alex Thorn has said dormant "Noah Doe" coins have been moving onchain faster month over month.
Sunday's transfer isn't an isolated case. A little over a week earlier, a Satoshi-era wallet mined in 2010 moved for the first time in 16 years. In late September, about $161 million in decade-old Bitcoin was transferred over roughly two weeks, and the previous week a whale moved $377 million after holding through every major market crash since 2020.
Frequently asked questions
What is the Noah Doe lawsuit?
It's a New York lawsuit filed this year by a pseudonymous plaintiff called Noah Doe and two Wyoming companies. It names 39,069 dormant Bitcoin addresses holding about 3.8 million BTC. The plaintiffs argue those wallets qualify as abandoned property under New York's lost-and-found law, even though they hold none of the private keys.
Why does this wallet's transfer matter for the lawsuit?
Galaxy tagged the sending address as "Noah Doe #970," one of the wallets named in the suit. Spending coins requires the private keys, which suggests at least some of the targeted wallets aren't abandoned. Galaxy's Alex Thorn has said dormant "Noah Doe" coins have been moving onchain faster month over month.
