Key Highlights
- A dormant Bitcoin wallet containing 100 BTC ($8.09 million) has been activated after 14.9 years, with the coins moved in block 967732 on September 19, 2026.
- The wallet address (1Mj5R3kbScUeccyiNKJnAMk6vhHppzsEq8) is attributed to “Noah Doe #3113” by Galaxy Research, linking it to a New York Supreme Court lawsuit seeking quiet title to over 3.7 million BTC across 39,069 addresses.
- Onchain analysis suggests the 100 BTC were likely mined before the first Bitcoin halving in November 2012, placing the holder among early miners when block rewards were 50 BTC.
Galaxy Research Identifies Dormant Wallet Movement
Blockchain analytics firm Galaxy Research reported via its X account on September 19, 2026, that a long-dormant Bitcoin wallet containing exactly 100 BTC has been awakened after more than 14 years of inactivity. The coins were first received on November 2, 2011 — months after Bitcoin’s pseudonymous creator Satoshi Nakamoto exited the public stage — and remained untouched until their recent movement in block 967732.
🌚 Awakened — dormant 14+ years100.00 $BTC ($8.09M) untouched since first received 2011-11-02 (14.9y ago) — just moved in block 967732Address: 1Mj5R3kbScUeccyiNKJnAMk6vhHppzsEq8Sender Attribution: Noah Doe #3113💰 Realized PnL: +$8.09M (+2,486,052% gain) – basis ~$3 avg -…
According to Galaxy Research, the transaction represents a realized profit of $8.09 million, reflecting a staggering 2,486,052% gain from an estimated cost basis of approximately $3 per BTC. At the time of the report, Bitcoin traded at $80,347.
Connection to “Noah Doe” Legal Battle
The wallet’s attribution to “Noah Doe #3113” ties the movement to a high-profile legal case filed in March 2026 in the New York Supreme Court. The lawsuit, brought by plaintiff “Noah Doe” and two unnamed Wyoming limited liability companies, seeks quiet title to more than 3.7 million BTC associated with 39,069 Bitcoin addresses. The complaint includes coins potentially linked to Satoshi Nakamoto himself.
The crypto community closely monitored a significant hearing in the “Noah Doe” case on September 8, 2026, just eleven days before this wallet’s activation. The timing has fueled speculation about whether the movement relates to the ongoing litigation, though no direct causal link has been established.
Pre-Halving Mining Origins Suggested
Onchain data indicates the 100 BTC stash was likely mined before Bitcoin’s first halving event on November 28, 2012. During the pre-halving era, 10.5 million BTC were issued across 210,000 blocks, with each block producing a 50 BTC coinbase reward. The presence of exactly 100 BTC in a single address — equivalent to two full block rewards — suggests the holder may have been an early Bitcoin miner, though Galaxy Research cautions that no further facts currently support this hypothesis.
Of the 210,000 original 50 BTC coinbase unspent transaction outputs (UTXOs), 172,042 (83.5%) have been spent, with the vast majority moved before 2014. Approximately 33,995 unspent 50 BTC coinbase outputs remain, representing roughly 1.699 million BTC. Notably, an estimated 21,922 of these outputs (1.096 million BTC) are believed to have been mined by Satoshi Nakamoto, accounting for 64.5% of the remaining unspent pre-halving supply.
Why This Matters
The awakening of this 14.9-year dormant wallet underscores several converging narratives in the Bitcoin ecosystem. First, it highlights the ongoing resolution of early Bitcoin supply — whether through long-term holder conviction, legal adjudication, or estate settlements. Second, the “Noah Doe” litigation represents an unprecedented attempt to claim ownership of millions of dormant BTC through U.S. court proceedings, potentially setting legal precedent for digital asset property rights. Third, the movement of pre-halving coins provides rare onchain visibility into the behavior of Bitcoin’s earliest participants. With only 33,995 unspent 50 BTC coinbase outputs remaining, each activation reduces the floating supply of Bitcoin’s “genesis era” coins and offers data points for analyzing holder demographics from the network’s formative years.
Frequently Asked Questions
What is the “Noah Doe” lawsuit and why does it involve 3.7 million BTC?
Filed in March 2026 in New York Supreme Court, the lawsuit seeks quiet title — a legal determination of ownership — to over 3.7 million BTC across 39,069 addresses. The plaintiffs, “Noah Doe” and two Wyoming LLCs, claim ownership of these long-dormant coins, some of which may be linked to Satoshi Nakamoto. The case represents one of the largest legal claims over Bitcoin holdings in history.
How does Galaxy Research attribute wallets to “Noah Doe #3113”?
Galaxy Research uses onchain analytics and clustering heuristics to label addresses associated with specific entities or legal designations. The “#3113” suffix suggests this wallet is one of thousands cataloged within the “Noah Doe” address cluster identified during the firm’s investigation of the litigation’s scope.
Why is the pre-halving mining era significant for this wallet?
Before the first halving in November 2012, each Bitcoin block rewarded miners with 50 BTC. A wallet holding exactly 100 BTC in a single address aligns with two full block rewards, a pattern consistent with early solo mining. With 83.5% of pre-halving coinbase outputs already spent, remaining unspent coins from this era are increasingly rare and historically significant.
