The ancient Bitcoin whale has moved! 80,000 BTC that have been dormant for 14 years have been transferred. Could it be Roger Ver?

The cryptocurrency market has recently been shaken by a bombshell news: a Bitcoin (BTC) ancient whale address that had been dormant for 14 years has become active again since noon on the 4th of this week, and the 8 associated wallet addresses have been gradually activated. This batch totals 80,009 BTC, which, based on the current market price, is valued at approximately $8.69 billion, and has all been transferred to 8 new addresses. The movement of this batch of "ancient funds" immediately raised concerns in the market about potential selling pressure, while speculation about the true identification of this whale has also become rampant, with Roger Ver becoming a common subject of speculation within the community.

1. After 14 years of silence, 80,000 BTC astonishingly transferred

On-chain data monitoring shows that this batch of 80,000 BTC can be divided into two parts: 2 addresses received 20,000 BTC as early as April 2, 2011, when the price of Bitcoin was only about $0.78; the remaining 6 addresses received 60,009 BTC on May 4, 2011, when the price of Bitcoin was $3.37.

As of now, all 80,009 BTC held by these 8 addresses have been transferred to 8 new addresses, each of which currently holds approximately 10,000 BTC. Based on the current market price, the total value of this batch of assets is approximately 8.69 billion USD. These BTC have not yet been transferred to any exchange, but they have already stirred the market nerves—crypto asset holders around the world are holding their breath, watching the next move of this "ancient fund."

2. Potential Selling Pressure: The "Black Swan Bomb" That Could Impact the Market

The market is paying close attention to the next move of this ancient Whale, mainly because of the massive holding of 80,000 Bitcoins, which accounts for approximately 13.4% of the total shares held by Strategy (formerly MicroStrategy) and 6.35% of the known holdings of Satoshi Nakamoto's address. The cost price of this batch of BTC ranges from $0.78 to $3.37, achieving an astonishing profit of over 100,000 times to date. Based on current prices, the total value of these Bitcoins is about $8.69 billion, far exceeding the spot trading volume of many major trading platforms in nearly 24 hours.

In addition, according to other market data, the total amount of Bitcoin purchased by publicly listed companies in the second quarter of 2025 is approximately 131,000 coins, while the net purchases of Bitcoin ETFs during the same period are around 111,000 coins, and the net inflow per day last week was only a little over 2,000 coins. It can be seen that once this ancient Whale starts to sell off in batches, the selling pressure it releases will far exceed any recent trading activities of institutions, and the impact on the market should not be underestimated. These 80,000 BTC are like a "black swan bomb" that could explode the market at any moment, slowing down the pace of the bull market.

3. Whale Identification Guess: Who is this "Diamond Hand"?

Speculation about the true identity of this ancient Whale has sparked heated discussions in the community, with various opinions emerging.

Early Miner: Exchange director Conor Grogan posted on platform X that this ancient BTC whale appears to be from a single miner dating back to 2011. This miner consolidated 180 mining reward blocks and had a wallet address containing 200,000 Bitcoins in 2011, which is approximately equivalent to 22 billion USD at current value, making it one of the top five Bitcoin wallets of all time. CryptoQuant analyst Julio Moreno also believes this ancient whale is an early miner, as these transactions can be traced back to early block rewards and show consolidation of different block rewards.

"The first person in the Chinese cryptocurrency circle" Kaomao: One of the suspects in the Chinese community is the legendary figure in the crypto circle "Kaomao" (Jiang Xinyu). He once founded ASICMiner, and its mining machines accounted for 42% of the global hash power. However, Kaomao mysteriously disappeared at the end of 2014. Nevertheless, according to feedback, Kaomao only started making mining machines in 2012, which does not match the creation time of the activated wallet.

Bitcoin early supporter Roger Ver: In major English communities, it is widely speculated that this ancient Whale is Bitcoin early supporter Roger Ver. He was released on medical parole from a prison in Spain on June 5 this year, and it is reported that he must hold Bitcoin worth billions of dollars. Roger Ver is one of the most fervent supporters of Bitcoin, having started investing in Bitcoin in 2011 and having funded several first-generation Bitcoin startups. His spirit and investment actions laid the early foundation for the Bitcoin ecosystem.

IV. Between Faith and Monetization: The Unresolved "Ancient Bomb"

The core of this storm lies both in "who it is" and "what will be done." Regardless of whether the true identification of this ancient whale is ultimately revealed, one thing is beyond doubt — once he begins to sell, the selling pressure released from these Bitcoins that have been dormant for 14 years will surely exceed what the bull market can bear.

Although we cannot know the reasons why he has long held onto this asset, becoming a true BTC "Diamond Hands", even the most devout Bitcoin supporters may waver in the face of over 100,000 times of paper profit. Currently, these 80,000 BTC are like a "black swan bomb" that could potentially explode the market at any moment, and its next move will affect the nerves of the global Crypto Assets market.

Conclusion:

The movements of ancient Bitcoin whales remind the market once again of its inherent volatility and uncertainty. This batch of massive Bitcoin that has been dormant for 14 years will have a profound impact on the market, regardless of where it ultimately flows. The market will remain highly vigilant until the next move of the whales is revealed.