Dormant early-Bitcoin wallets reactivate and move millions, including $120 growing to about $3M

Multiple reports say long-dormant Bitcoin wallets from the early 2010s have reactivated, with at least four decade-old wallets moving a combined $15.7 million between Aug. 29 and Sept. 4, and one batch of coins sent to Coinbase described as a likely sign of a sale ^[1].

Crypto Briefing reports that one dormant Bitcoin stash reactivated after 15 years and rose from roughly $120 into about $3 million, and it said the reactivation challenges legal claims of abandonment that could affect future cryptocurrency regulations ^[2].

Bitcoin.com News reported that dormant Bitcoin wallets continued to move funds in September, saying $50 million moved across dormant-wallet activity in that period ^[3].

Yellow reported that four long-dormant wallets moved 202.84 BTC between Aug. 29 and Sept. 4 (worth about $15.73 million) and that a 40 BTC wallet from 2011 gained more than 2.5 million percent on its original cost, adding that Galaxy Research linked one 6.78 BTC transfer to Coinbase ^[4].