diff --git a/migrations/archive/2023/20230808_guild_gems.js b/migrations/archive/2023/20230808_guild_gems.js
new file mode 100644
index 0000000000..04774aec7b
--- /dev/null
+++ b/migrations/archive/2023/20230808_guild_gems.js
@@ -0,0 +1,66 @@
+/* eslint-disable no-console */
+import { model as User } from '../../../website/server/models/user';
+import { model as Group } from '../../../website/server/models/group';
+
+const MIGRATION_NAME = '20230808_guild_gems';
+
+const guildsPerRun = 500;
+const progressCount = 1000;
+const guildsQuery = {
+  migration: { $ne: MIGRATION_NAME }, // skip already migrated entries
+  'type': 'guild',
+};
+
+let count = 0;
+async function updateGroup (guild) {
+  count++;
+
+  const set = {
+    migration: MIGRATION_NAME,
+  };
+
+  if (guild.balance > 0 && !guild.hasActiveGroupPlan()) {
+    const leader = await User
+      .findOne({ _id: guild.leader })
+      .select({ _id: true })
+      .exec();
+
+    if (!leader) {
+      return console.warn(`Leader not found for Guild ${guild._id}`);
+    }
+
+    await leader.updateOne({ $inc: { balance: guild.balance }}).exec();
+    set.balance = 0;
+  }
+
+  if (count % progressCount === 0) {
+    console.warn(`${count} ${guild._id}`);
+  }
+
+  return guild.updateOne({ $set: set }).exec();
+}
+
+export default async function processGroups () {
+  const guildFields = {
+    _id: 1,
+    balance: 1,
+    leader: 1,
+  };
+
+  while (true) { // eslint-disable-line no-constant-condition
+    const foundGroups = await Group // eslint-disable-line no-await-in-loop
+      .find(guildsQuery)
+      .limit(guildsPerRun)
+      .sort({ _id: 1 })
+      .select(guildFields)
+      .exec();
+
+    if (foundGroups.length === 0) {
+      console.warn('All appropriate Guilds found and modified.');
+      console.warn(`\n${count} Guilds processed\n`);
+      break;
+    }
+
+    await Promise.all(foundGroups.map(guild => updateGroup(guild))); // eslint-disable-line no-await-in-loop
+  }
+};