Noah Doe-Linked Bitcoin Awakens Again as Another 2011 Casascius Coin Cashes Out

Onchain records show yet another Casascius physical bitcoin has been redeemed, this time from an address originally created on Nov. 1, 2011. The plot thickens, however, because the spend traces back to another dormant wallet tied to the sprawling New York Supreme Court case Noah Doe v. John Does 1–39,069, adding one more chapter to a saga that continues to drain a cache of long-silent bitcoin linked to the litigation.

A Loaded Casascius Bitcoin With 25 $BTC Was Peeled at Block 953022

Just days after Galaxy Research identified 1,878.57 $BTC moving from a Noah Doe-dusted address on June 7, another cache of 2011-era coins linked to the same legal saga sprang to life. At block height 953022, a fresh batch of bitcoin connected to the Noah Doe case changed hands, extending a string of movements that has blockchain sleuths watching the decades-old stash with growing fascination.

Once again, the coins originated from a Casascius physical bitcoin minted by early bitcoin pioneer Mike Caldwell, with the underlying address first funded on Nov. 1, 2011. In this instance, the redeemed piece was a 25 $BTC Casascius coin tied to the legacy wallet 1Q2x5973gcdz7YMv84b4zVycWcbGdUkbeM, another long-dormant address now joining the growing procession of Noah Doe-linked bitcoin awakening from a 14-year slumber.

Back on Nov. 1, 2011, bitcoin was changing hands for about $3.32 per coin, meaning the 25 $BTC loaded onto the physical Casascius piece carried a market value of just $83 at the time, a sum that would barely cover a modest dinner bill today. The wallet is identified as address No. 38,953 in the New York Supreme Court case Noah Doe v. John Does 1–39,069.

What Is Noah Doe v. John Does 1–39,069

In the case, a pseudonymous petitioner is seeking to use New York’s lost-and-found property framework to establish a claim over 39,069 long-dormant bitcoin addresses that collectively hold an estimated 3.8 million $BTC, including wallets commonly attributed to Bitcoin creator Satoshi Nakamoto. The effort rests on the argument that the addresses have effectively been abandoned after years of inactivity and a lack of response to public notices.

The proceeding was recently paused after a New York Supreme Court judge issued a stay to review an opposing amicus brief, which argues that New York’s lost-property statutes were designed for tangible items and do not extend to digital assets or blockchain addresses.

Dormant Wallets Stir Despite Courtroom Delays

While the stay has temporarily halted proceedings, it does not bring the matter to a close. If anything, the recent wave of onchain activity suggests the opposite. Whether the timing is coincidence, caution, or something more deliberate remains an open question, but the blockchain has shown no interest in waiting for the court’s next move.

The activity points to a simple reality: finding a wallet that has sat dormant for years on a public blockchain explorer does not mean you have found abandoned property. The pseudonymous petitioner may have identified the addresses, like anyone can do, but control remains with the owners who hold the private keys.