80,000 Bitcoin Worth $8.6 Billion Moved In Largest Known Transfer

Generated by AI AgentCoin World
Sunday, Jul 6, 2025 4:28 am ET1min read
BTC
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An anonymous cryptocurrency holder transferred 80,000

Bitcoin
, valued at over $8.6 billion, without any indications of an impending sell-off. This transfer, reported by Arkham, involved two identical transfers of 40,000 BTC each, eight minutes apart, totaling $2.16 billion in BTC. Another wallet sent two batches of 10,000 BTC each, just 45 minutes apart. The total value of the transfers was approximately $8.6 billion, with no signs of selling.

The transfer of nearly 80,000 BTC is the largest known movement of "Satoshi-era" Bitcoin in history. In comparison, "Satoshi-era" miners sold only about 150 BTC in the past. This transfer involved eight wallets, each containing 10,000 BTC, moving to new addresses. The structured shift from these diamond holder accounts suggests a deliberate and calculated move, rather than a spontaneous sell-off.

On-chain analysis platform Arkham published an article on X Platform stating that the ancient whale that previously moved over 80,000 BTC may have conducted the migration operation due to an address upgrade, transferring addresses starting with "1-" to addresses starting with "bc1q-". As of now, there is no evidence to suggest that this ancient whale is selling its Bitcoin.

The transfer erased about 1.6 percent from Bitcoin's value, but there were no indications of a sell-off. The funds came from a wallet inactive since 2011, composed of original Bitcoin holdings. The transfer was speculated to be initiated by Roger Ver, but this remains unconfirmed. The transfer was likely due to an address upgrade, as the funds were moved to new addresses, suggesting a security enhancement rather than a sell-off.

The transfer of 80,000 BTC, worth $8.6 billion, in just a few hours, is a significant event in the cryptocurrency world. The transfer involved eight wallets, each containing 10,000 BTC, moving to new addresses. The structured shift from these diamond holder accounts suggests a deliberate and calculated move, rather than a spontaneous sell-off.