A Bitcoin wallet that had sat completely for more than 13 years sprang to life on Sunday, moving 411.45 BTC — worth roughly $33.4 million — to a new address in the first outgoing transfer in its history, according to Galaxy Research.

The address, which begins with "13Coop," was first funded on Sept. 11, 2013, and had never sent a single coin in the 13.1 years since. Arkham data shows the coins landed in a single new address, where they remain. The transaction was recorded in block 972,036 and moved the funds in two UTXOs — the discrete unspent outputs that together make up a Bitcoin wallet's balance.

When the wallet was funded, Bitcoin traded around $130, according to Arkham, meaning the stash originally cost about $54,000. Galaxy put the holder's average cost basis near $127, implying a paper gain of more than 64,000%.

What makes the transfer especially notable is the wallet's legal status: it is one of tens of thousands of dormant addresses targeted by an unusual New York lawsuit seeking to claim long-inactive Bitcoin as abandoned property.

🏚️ 💤 Address awakened — dormant 13+ years — 411.45 BTC sent

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

Address: 13Coop8xFbYj9JR9WyF5EqzGa9GiZmxs7C

Coins moved: 411.45 BTC in 2 UTXOs — all held…

— Galaxy Research (@glxyresearch) October 18, 2026

Galaxy tagged the sending address as "Noah Doe #970," marking it as one of 39,069 dormant addresses named in a lawsuit filed this year in New York by a pseudonymous plaintiff known as Noah Doe, together with two Wyoming companies. The plaintiffs argue that the targeted wallets — which collectively hold about 3.8 million BTC — qualify as abandoned property under the state's lost-and-found law, a framework typically applied to dormant bank accounts and other unclaimed traditional assets, even though they hold none of the private keys.

Galaxy also flagged the address as one of those "dusted" in a 2025 campaign that sent tiny amounts of Bitcoin carrying embedded messages to dormant wallets, an effort Galaxy has described as groundwork for the abandonment claim. Arkham's data shows a string of such dust deposits, some of them labeled as phishing.

Each movement chips away at the lawsuit's central premise: spending coins requires the private keys, the secret cryptographic credentials that give their holder the ability to move the funds, which suggests that at least some of the wallets named in the case are anything but abandoned. Galaxy head of research Alex Thorn has said the pace of dormant "Noah Doe" coins moving onchain has been accelerating month over month.

It remains unclear whether the owner intends to sell, since Sunday's transfer went to an unlabeled address rather than an exchange. Any further movement of the coins, including a deposit to a known exchange, would be visible on Bitcoin's public ledger, where trackers such as Arkham monitor address activity.

The awakening adds to a growing list of long-idle coins on the move. Bitcoin's oldest coins have been waking up at an unusual clip in 2026, according to Galaxy Research data. Just over a week ago, a Satoshi-era wallet mined in 2010 — dating to the period when Bitcoin's pseudonymous creator, Satoshi Nakamoto, was still active — moved for the first time in 16 years. In late September, about $161 million in decade-old Bitcoin was transferred over the course of roughly two weeks. And just last week, a whale moved $377 million after holding through every major market crash since 2020.