The cryptocurrency community is witnessing a unique event: a large Bitcoin holder, who had remained inactive for over 14 years, unexpectedly made a massive transfer of digital assets. Their wallets contained 80,000 BTC, currently valued at approximately $8.7 billion.
This is reported by Finway
Mysterious Owner and Possible Connection to Roger Ver
According to the analytics firm Lookonchain, all these funds were held across eight different crypto wallets and were moved on July 4, 2025. Crypto analyst and founder of Timechain Index, known by the pseudonym SaniExp, is nearly 100% convinced that the owner of these assets is Roger Keith Ver — one of the earliest investors in Bitcoin startups and a fervent supporter of the Bitcoin Cash project.
Concerns About Asset Security
Connor Grogan, head of product at Coinbase, expressed concerns about a potential security compromise regarding these funds. He noted that prior to the activation of the Bitcoin wallets, one of the clusters conducted a test transaction on the Bitcoin Cash network, likely to verify access. Meanwhile, other BCH wallets remained inactive, which only heightened experts’ suspicions about the owner’s cautious actions or a potential security threat.
“Before activating the Bitcoin wallets, one of the clusters conducted a test transaction on the Bitcoin Cash network — less noticeable to monitoring services. This may indicate cautious access testing. Other BCH wallets remained untouched, which only strengthens the suspicions,” the expert stated.
In light of this event, experts remind us that in 2024, there was a significant capital redistribution within the Bitcoin ecosystem: over the course of a year, large holders sold more than 500,000 BTC. The current situation regarding the movement of 80,000 BTC raises many questions about future steps and its impact on the cryptocurrency market.