Bitcoin whales move $40M after decade-long dormancy

Six long-dormant Bitcoin wallets have transferred 553.59 BTC worth $40.15 million after remaining inactive for periods ranging from nearly 12 years to more than 15 years. Summary Six wallets moved 553.59 BTC between Aug. 16 and Aug. 26. The holdings were worth $40.15 million when the transactions occurred. Two addresses carry labels linking them to a New York dormant-wallet lawsuit. Only one transfer reached a destination associated with a known crypto company. Galaxy Research tracked the six movements from wallets dating to 2011, 2012, and 2014, although blockchain records do not reveal who controlled most of the addresses or why the owners transferred their holdings. 🌚 Awakened — dormant 14+ years40.00 BTC ($3.14M) untouched since first received 2012-05-28 (14.2y ago) — just moved in block 964127Address: 1MZX6ExdDzWefGbD6Dc4bShdBRoNA3ijLFSender Attribution: none in our DBRecipient Attribution: Boerse Stuttgart Digital💰 Realized PnL:…— Galaxy Research (@glxyresearch) August 26, 2026 Five transfers went to addresses without known exchange links, offering no on-chain evidence that the Bitcoin was sold. The final transaction sent 40 BTC to an address labeled Boerse Stuttgart Digital,...