Satoshi-Era Bitcoin Holder Moves 2,571,899% Gain to Thwart New York Court Case

A rare historic event has occurred on the Bitcoin blockchain as one of the oldest wallets from the so-called "Satoshi era" has come to life.

According to monitoring data from Galaxy Research, a transaction involving 40.00 $BTC, worth around $3.09 million, was processed in block 965330. These assets had remained completely untouched since Nov. 5, 2011 — almost 15 years.

By moving the coins, the original owner of the address effectively demonstrated a net gain of 2,571,899%. In November 2011, the world's first cryptocurrency was still in its infancy, with an average market price of only around $3 per coin.

New York lawyers are trying to claim "abandoned" $293 billion, but old wallets have started responding on-chain

Keeping a private key secure for a decade and a half is a rare example of discipline in the industry. However, this transaction represents more than simply taking profits.

The sender's address is tagged on-chain as Noah Doe #38097. This tag directly links the wallet to a massive class-action lawsuit currently being heard by the New York State Supreme Court. A group of pseudonymous plaintiffs is attempting to obtain ownership rights to 39,069 dormant Bitcoin addresses worth a combined $293 billion, including early coins belonging to Satoshi Nakamoto himself.