80,000 BTC Moved in Largest Daily Transfer Since 2011

On July 4, 2025, a significant movement of Bitcoin (BTC) occurred as eight connected wallets transferred a total of 80,000 BTC to new addresses. This transaction, the largest daily movement of coins aged over a decade, has sparked speculation about the identity of the holder. On-chain analysts have suggested that the early buyer could be Roger Ver, a prominent Bitcoin influencer.

The transactions, which moved a total of 20,000 BTC within hours, were intercepted by whale watchers. The coins were transferred just as BTC was hovering above $109,000, with expectations of a new potential price record. The remaining 60,000 BTC were moved shortly after, emptying the original 14-year-old wallets. Some of the coins moved were acquired in April 2011 at $0.78 per BTC, while others were funded at $3.37. The current value of all coins moved is above $8.6 billion.

The size of the holdings suggests that the owner may have a strong conviction in Bitcoin and intends to sell in a manner that would not crash the market. The holdings are also suitable for a Bitcoin treasury, which would put the owner ahead of Mara Holdings and just behind Strategy (MSTR).

Roger Ver, who has been arrested in Spain for misleading tax filings, has been speculated to be the owner of the wallets. One hypothesis suggests that Ver may need to use some of the BTC to achieve a plea deal. However, it is also possible that Ver has spent most of his original 600,000 BTC and that the transfers went to the wallets of the US Government. The newly created wallets do not point to the identity of the recipient.

Another hypothesis is that the wallets were part of the total haul of an early miner, who produced a total of 200,000 BTC. The coins moved today, if acquired at their respective market prices, would only amount to $250,000. Older miners and whales are seen as the most reliable holders, as the old cohorts may also contain inaccessible wallets. Older miners have moved coins from the earliest wallets, dating back to 2010, though at a much smaller scale.

For now, it remains uncertain whether the moved coins would enter the market in some way. Even 80,000 BTC may be absorbed relatively quickly with the expansion of Bitcoin treasury companies and renewed ETF buying. The movement of these coins has raised questions about the identity of the holder and their intentions, but it is clear that the holder has a strong conviction in Bitcoin and intends to sell in a manner that would not crash the market.