6 dormant Bitcoin wallets that have been inactive for over 10 years moved $40 million, most of which did not flow to exchanges

According to CoinDesk, six Bitcoin wallets that were active from 2011 to 2014 and had not moved since transferred a total of 553.59 BTC, worth about $40 million, between August 16 and 26. Five of the wallets sent Bitcoin to addresses with no known exchange associations, while one wallet transferred 40 BTC to the German crypto custody and trading service provider Boerse Stuttgart Digital. Additionally, two of these wallets are linked to a lawsuit in New York, where the pseudonymous plaintiff Noah Doe is seeking control over Bitcoin held in 39,069 dormant addresses under the state's lost property law. Data from Galaxy Research shows that the on-chain movement of dormant Bitcoin fell to its lowest level since 2022 in the second quarter, with the total movement expected to be less than half of last year's for the entire year of 2026. Galaxy Research director Alex Thorn stated that none of the many whale clients he interacts with cited quantum computing risk as a reason to sell, but some institutional investors are indeed avoiding buying Bitcoin for this reason. Following the disclosure of a vulnerability in the Coldcard hardware wallet, approximately 210,000 BTC left long-term holder wallets within a week.