The wave of long-dormant Bitcoin wallets springing back to life shows no sign of slowing, with at least four more ancient stashes stirring in recent days—one of them apparently headed for a sale.

According to Galaxy Research's blockchain monitoring, wallets reactivated between Aug. 29 and Sept. 4 moved a combined 202.84 BTC, worth roughly $15.73 million. The largest of them, holding 146.06 BTC (about $11.31 million), had sat untouched since November 2013—nearly 12.8 years—and posted a gain of about 12,902% on a cost basis near $595.

A 40 BTC wallet dormant since November 2011 followed, worth around $3.09 million and up a staggering 2,571,899% from an average cost of roughly $3. In other words, that patient holder turned approximately $120 in BTC into more than $3 million by holding for close to 15 years. Wallets from this era are often labeled "Satoshi-era" holdings, dating to Bitcoin's earliest years when the asset traded for mere dollars and its long-term survival was far from certain.

Two smaller wallets rounded out the batch: one holding 10 BTC, untouched since June 2011 and worth about $777,000, and another with 6.78 BTC last active in February 2011, valued near $551,000. The 2011-era holdings carried astronomical paper gains, up more than 2,000% and, in one case, over 500,000% from their original cost.

The flurry extends a trend that has accelerated through the summer. Galaxy Research chart data shows Bitcoin's oldest cohort—coins untouched for a decade or more—stirring at a pace rarely seen in 2026. An earlier wave in August saw six wallets move roughly $40 million in a single 10-day stretch.

Most such movements leave the coins' fate ambiguous, since a transfer alone does not reveal whether the owner is selling, consolidating holdings, or shifting to new custody. This time, one wallet offered a clearer signal: Galaxy tagged the 6.78 BTC transfer with a recipient attribution of Coinbase, indicating the decade-old coins were sent to the exchange—a move typically associated with an intent to sell rather than simply relocating funds.

Several of the reawakened wallets also carried "Noah Doe" sender tags, a reference to the New York lawsuit seeking to have thousands of dormant addresses declared abandoned property. Wallets named in that case have been stirring regularly since a judge paused the proceedings in June.

Why so many vintage holders are moving now remains unclear, but each awakening revives questions about long-lost supply returning to circulation. While the dollar amounts in this batch are modest relative to Bitcoin's daily trading volume, tracking firms and market watchers follow such transfers closely because long-dormant coins represent supply that holders have never sold—and whose eventual disposition is unknown.