On-chain records show that yet another Casasius physical Bitcoin was redeemed, this time from an address originally created on November 1, 2011. But the intrigue thickens even further as this spending is traced back to another dormant wallet tied to the sprawling New York Supreme Court case Noah Doe v. John Does 1 v. 39,069, adding a new chapter to the saga that continues to drain long-silent Bitcoin cash related to that case.
Important points:
- Mike Caldwell 25 years old $BTC The November 2011 Casascius coin was redeemed after 14 years.
- The wallet linked to Noah Do moved again at block 953,022, continuing to attract the attention of blockchain sleuths.
- New York Supreme Court will review this case as 3.8 million $BTC The address is still under review.
Casascius Bitcoin loaded with 25 $BTC Stripped in block 953022
Days after Galaxy Research identified 1,878.57 $BTC On June 7, Noah Doe’s dusty address sparked another hoard of 2011-era coins related to the same legal story. At block height 953022, a new batch of Bitcoins linked to the Noah Doe case changed hands, extending a series of moves that have blockchain sleuths monitoring decades-old stashes with increasing interest.
Once again, the coin is derived from a physical Cassasius Bitcoin minted by early Bitcoin pioneer Mike Caldwell, and the underlying address was first raised on November 1, 2011. In this case, the piece redeemed was $25. $BTC Casascius coins are associated with legacy wallet 1Q2x5973gcdz7YMv84b4zVycWcbGdUkbeM. This is another long-dormant address joining the procession of Noah Do-related Bitcoin growth as it awakens from a 14-year slumber.
On November 1, 2011, Bitcoin was trading at approximately $3.32 per coin. This means $25. $BTC The market value of the physical Cassasius work at the time was just $83, barely enough to cover the cost of a modest dinner today. This wallet is identified in the New York State Supreme Court case Noah Doe v. John Does 1–39,069 as address number 38,953.
Noah Doe vs. John Does 1–39,069
In this lawsuit, anonymous claimants seek to use New York City’s Lost and Found framework to establish claims against 39,069 long-dormant Bitcoin addresses, holding an estimated 3.8 million addresses in total. $BTCwhich includes a wallet commonly attributed to Bitcoin founder Satoshi Nakamoto. The effort is based on claims that the address is effectively abandoned after years of inactivity and no response to public notices.
The case was recently put on hold after a New York State Supreme Court judge issued an injunction requiring consideration of a brief in opposition arguing that New York’s lost property law covers tangible property and does not apply to digital assets or blockchain addresses.
Dormant wallets shake despite court delays
Although the injunction temporarily halted the proceedings, it did not resolve the issue. In fact, the recent wave of on-chain activity suggests the opposite. Whether this timing is coincidental, deliberate, or more intentional remains an open question, but blockchain has shown no interest in waiting for the court’s next move.
This activity illustrates a simple reality. Finding a wallet that has been dormant for years on a public blockchain explorer does not mean you have found an abandoned property. The pseudonymous petitioner may have identified the address, as anyone could, but control rests with the owner who holds the private key.
