13-year-old Bitcoin wallet moves $33.4M amid Noah Doe case

A long-neglected Bitcoin wallet sent 411.45 BTC, valued at around $33.4 million, just yesterday. This wallet is among 39,069 neglected wallets that a New York lawsuit is trying to classify as abandoned property. However, a recent transaction from this wallet runs counter to that classification. The wallet woke up after 13 years of silence According to Galaxy Research, the 13Coop address, which was first funded on September 11, 2013, had never made a transaction of any kind before now. The Arkham data also reveals that the 411.45 BTC moved into one single new address and is still sitting there. The individual controlling the wallet holds a massive paper profit at his disposal. According to Galaxy Research, the cost basis for this particular address stands at close to $127 per BTC.

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