Silent for nearly 15 years, a Bitcoin address saw movement, triggering a legal battle over ownership of the New York "Dormant Bitcoin."

BlockBeats News, July 6th, an almost 15-year dormant Bitcoin address recently saw its first-ever transaction, sending out 30 BTC, worth approximately $1.88 million at the current price.

According to Galaxy Research on-chain data, the address "1KV47" received 30 BTC in August 2011 and had remained inactive until this past Saturday when it made its first outgoing transaction.

This address is one of 39,069 dormant Bitcoin addresses involved in a lawsuit in New York. The plaintiff, "Noah Doe," and two Wyoming-registered companies are attempting to claim ownership of the Bitcoin held in these long-inactive addresses under New York's unclaimed property law. Sani, the founder of the analytics platform Timechain Index, stated that these addresses collectively hold around 3.7 million BTC, valued at approximately $234 billion, including addresses widely believed to belong to Satoshi Nakamoto.

Alex Thorn, Research Director at Galaxy Digital, noted that the activity of dormant addresses related to the lawsuit has significantly increased recently. In June, a total of 31 addresses transferred 17,527 BTC, compared to only 5 addresses moving 4,834 BTC in February this year.

However, the legal community generally views the basis of this lawsuit as weak. Last Friday, a defendant claiming to control one of the addresses, "John Doe 33," filed a motion to dismiss the lawsuit, arguing that a Bitcoin address is merely a data string and not a suable entity.

CEO and lawyer at the tokenization platform Brickken, Edwin Mata, stated that mere long inactivity of an address does not prove that the assets have been abandoned. Under property law, establishing abandonment typically requires proof of the owner's clear intent to relinquish property rights, and dormant addresses may only indicate long-term cold storage, lost private keys, or a holder's decision to retain the assets for an extended period, thus not strong enough to support the plaintiff's claim.