Bitcoin Whales Returned After Over 10 Years of Silence: In September, They Moved More Than 2,184 BTC

• Galaxy Research recorded a series of transfers from “dormant” bitcoin wallets in September.
• Owners moved more than 2,184 BTC.
• According to analysts, the total realized profit came to nearly $178 million.

In September 2026, at least eight bitcoin addresses that had not been used for 12 to more than 15 years became active again. According to Galaxy Research, owners moved a total of 2,184.3 BTC, which at the time of the transactions corresponded to a combined realized profit of about $178 million.

Bitcoins Sat in Wallets for Over a Decade

The largest transfer was the movement of 1,260.78 BTC on September 6 from an address that had not been used for more than 10 years. At the time of the transaction, the coins were valued at about $100.63 million, and their average cost basis was around $652 per 1 BTC. Galaxy Research estimated the owner’s realized profit at about $99.64 million.

On September 4, another “dormant” address that had not been used for more than 15 years moved 6.78 BTC worth about $551,000. The coins were received back in February 2011, and their initial average cost basis was around $4. Galaxy Research estimated the profit from the transaction at $523,000.

That same day, another address that had not made any transactions for almost 15 years moved 40 BTC. At the time of the transaction, they were worth about $3.09 million, and the realized profit was about $3.1 million.

On September 2, an address holding 146.06 BTC that had been stored for about 12.8 years became active again. Their market value at the time of the transfer was approximately $11.31 million, and the realized profit was $11.22 million.

Thousands of Bitcoins “Woke Up” in September

On September 19, the owner of an address that had been inactive for almost 15 years moved 100 BTC worth about $8.09 million. The coins’ average cost basis was around $3 per BTC, so Galaxy Research estimated the profit at $8.09 million.

On September 22, an even larger operation took place: an address that had held coins for more than 14 years moved 600 BTC worth about $51.9 million. According to Galaxy Research, their initial cost basis was around $8 per bitcoin, and the realized profit reached $48.71 million.

The most recent case was recorded on September 29: two transactions moved a total of 20.43 BTC that had not been used for more than 15 years. At the time of the transactions, the coins were worth about $1.71 million, and the combined realized profit was estimated at $1.724 million. The individual batches were 10.33 and 10.10 BTC, with an initial average cost basis of about $4 and $3, respectively.

As a reminder, in August, the total amount of bitcoin moved by “dormant” wallets exceeded 800 BTC.

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