Crypto legend Roger Ver resurfaces? Dormant whale may have just moved $8.6 billion in Bitcoin after 14 years
Roger Ver
, one of the earliest investors of Bitcoin, according to a Tom's Hardware report.
Crypto Whale Awakens: $8.6 Billion in Bitcoin Moves After 14 Years
Eight Bitcoin wallets, each holding 10,000 BTC, transferred their holdings as of July 5, totalling 80,000 Bitcoins, as per the Tom's Hardware report. These wallets date all the way back to Bitcoin's early days between 2009 and 2011, when the cryptocurrency was still new and worth only pennies, according to the report. Back then, whoever owned these coins invested less than $210,000, and now those coins are worth over $8.6 billion, as reported by Tom's Hardware.
According to the report, the previous biggest Bitcoin transaction was just 3,700 BTC, and this new movement of 10,000 BTC at once broke that record by a huge margin.
ALSO READ:
Meet Scott Ruskan: The Coast Guard hero who saved 165 lives during the Texas floods
Speculation Points to Roger Ver
Crypto analyst Arkham
pointed out that all these wallets belong to the same person, but no one knows exactly who, but speculation is growing that it could be Roger Ver, as that's what @SaniExp on social media X claims with "99%" assurance, as per Tom's Hardware report. A few even speculated that he executed the "sale" as part of a potential plea deal with the US government, as he is wanted in the United States on tax fraud charges and, earlier this year, appealed to US President Donald Trump for a pardon to avoid extradition, as reported by Tom's Hardware.
Live Events
A 14-Million Percent Return
The movement had started around early Friday, when two wallets that had been inactive for 14 years suddenly transferred 10,000 BTC each to new addresses, as reported by Tom's Hardware. The original wallets date back to April 3, 2011, when they initially received a large amount of Bitcoin, when one Bitcoin was valued at only 78 cents, so that means 10,000 BTC would be worth $7,800, which is almost a 14 million percent jump, according to the report.
ALSO READ:
AI stocks could crash like Dot-Coms, says Wall Street veteran — suggests these safer bets instead
Then after eight hours, six more wallets from the same era, with each containing 10,000 BTC, were moved without any prior test transactions, reported Tom's Hardware. These holdings were from May 4, 2011, when Bitcoin had increased to $3.25, so totally, these eight wallets add up to 80,000 Bitcoin, and the entire stash is believed to have been held by the mysterious whale, according to the report.
FAQs
Could Roger Ver really be the whale?
It's unconfirmed, but some crypto analysts and social media users believe he's the most likely candidate.
Why would Ver move the Bitcoin now?
Some speculate it could be related to his legal troubles, possibly tied to a deal or to protect his assets.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
20 minutes ago
- Hindustan Times
Bitcoin climbs to record $123,000 as US lawmakers set to debate crypto rules
Bitcoin scaled a fresh record high of $123,153 on Monday, surpassing the $12,000 mark for the first time as the US House of Representatives is set to debate on a key legislation during the 'Crypto Week' starting today. Representational photo of bitcoin, the most-popular cryptocurency.(Bloomberg) The crypto has been on a fast-rising trajectory in recent weeks and scaled past the $120,000 in a significant milestone for the world's most popular cryptocurrency. The surge comes as US lawmakers are set to debate on a series of crypto bills to clarify regulation for the digital asset industry. According to a report in Reuters, Bitcoin has surged more than 60% since the US election in November last year, when Donald Trump returned for a second term in the White House. The bitcoin surge, which is around 30% this year, has sparked a broader optimism for the crypto market over the past few sessions. The surge in Bitcoin comes even as smaller cryptocurrencies, including Ether, XRP and Solana registered gains early Monday. "What we find interesting and are watching closely are the signs that bitcoin is now being seen as a long-term reserve asset, not just by retail investors and institutions but even some central banks," Gracie Lin, crypto exchange OKX's Singapore CEO told Reuters. "We're also seeing increasing participation from Asia-based investors, including family offices and wealth managers. These are strong signs of bitcoin's role in the global financial system and the structural shift in how it is perceived, suggesting that this isn't just another hype-driven rally," Lin reportedly said. However, the world stocks slipped on Monday as investors remained on edge over the latest tariff threats by US President Donald Trump. S&P 500 futures and Nasdaq futures both eased 0.3%. MSCI's broadest index of world shares dipped 0.1% with the pan-European STOXX 600 index last down 0.4%.
Mint
31 minutes ago
- Mint
Bitcoin hits $123,000: How investors can book cryptocurrency gains and report them in ITR
Bitcoin crossed the $123,000 mark for the first time on Monday. The world's largest cryptocurrency scaled a record high of $122,571.19, before pulling back slightly to last trade 3 per cent higher at $121,488.08. Blame it on the massive rally, according to a Coinswitch report, over two crore crypto investors were recorded in India as of December last year. Sample this: the closing price of Bitcoin in July 2020 was about ₹ 8.7 lakh per BTC, and the current price is ₹ 1.05 crore per BTC. If you had invested ₹ 1 lakh in Bitcoin, your investment would have grown to more than ₹ 12 lakh. According to Raj Karkara, COO of Zebpay, Bitcoin's 2025 rally is being driven by a powerful mix of institutional adoption, regulatory progress, and favourable macroeconomic trends. Major asset managers like BlackRock, Fidelity, Invesco, and Franklin Templeton are allocating significant capital to spot Bitcoin ETFs, positioning BTC as a core part of diversified investment strategies," Karkara said. Karkara feels that the regulatory clarity, typically in the US, is also boosting the positive sentiment. 'Regulatory clarity is also playing a key role, especially in the US, where developments like the GENIUS Act, improved custody frameworks, and state-led treasury initiatives are strengthening the overall investment environment,' he explained. If you are a crypto investor and looking to book gains, here's a complete low-down: Redeeming your bitcoin or cryptocurrency gains is largely a two-step process, and you can do so through a Financial Intelligence Unit (FIU)-registered exchange. To name a few, ZebPay, CoinDCX, WazirX, and CoinSwitch are FIU-registered. 'To redeem Bitcoin profits in India, investors must sell their BTC holdings on an FIU-registered exchange like ZebPay by converting them into Indian Rupees (INR),' Karkara said. Step 1: Sell your crypto assets—Log in to a crypto exchange, go to the trading section, select an asset like Bitcoin, Ethereum, Doge coin, etc., and sell it for INR. Your account should be KYC compliant. The proceeds will be credited to your wallet on the exchange. Step 2: Withdraw INR to your bank account— Once you see the proceeds in your wallet on the exchange, go to the withdraw/payout section, select your bank account, enter the amount and complete the transaction. The funds will be credited to your bank account. 'A 1 per cent Tax Deducted at Source (TDS) is applied at the time of sale, and the net proceeds are credited to the investor's account. Once the transaction is complete, the funds can be withdrawn directly to a linked bank account and used like any regular balance,' Karkara added. In India, cryptocurrencies are classified as virtual digital assets (VDAs), and the profit earned from such investments is taxable. 'Profits from the sale of cryptocurrencies are taxed at a flat rate of 30 per cent. No basic exemption limit or benefit of tax slabs is available. Only the cost of acquisition is allowed as a deduction—no other expenses or losses can be set off or carried forward," said Abhishek Soni, CEO of Tax2win. The Indian government had clarified its official stance on cryptocurrencies and other VDAs in the 2022 Union Budget. While filing the income tax return, crypto gains must be reported under the VDA schedule. 'Taxpayers earning crypto income should use ITR-2 if they are salaried or pensioners. Those having business or professional income along with crypto gains should file ITR-3,' Soni added. Looking at the rally and past returns, cryptocurrencies may seem like a great investment option, but this space is unregulated. Unlike capital market products like mutual funds or equities, which are regulated by the Securities and Exchange Board of India (SEBI), there's no watchdog for cryptocurrencies. Earlier in May, the Supreme Court had also urged the government to formulate a 'clear cut' policy on regulating cryptocurrency while underlining its impact on economy.
Time of India
34 minutes ago
- Time of India
Ola Electric's reset; Copper chaos could hit home
Ola Electric's reset; Copper chaos could hit home Also in the letter: Ola Electric poor Q1 show prefaces profitability push, share rally By the numbers: Net loss: widened 23.3% YoY to Rs 428 crore (vs Rs 347 crore) widened 23.3% YoY to Rs 428 crore (vs Rs 347 crore) Vehicle sales: dropped to 68,192 units (vs 1.25 lakh last year) dropped to 68,192 units (vs 1.25 lakh last year) Gross margin: improved to 25.6% (vs 18.4% YoY) improved to 25.6% (vs 18.4% YoY) Total expenses: dropped 42.4% YoY to Rs 1,065 crore Profit focus: Supply chain strategy: Shares in focus: Market view: Also Read: US copper tariff may impact Indian electronics, chip plans Driving the news: Also Read: Indirect hit: Fallout: Sponsor ETtech Top 5 & Morning Dispatch! Why it matters: The opportunity: Reach a highly engaged audience of decision-makers. Boost your brand's visibility among the tech-savvy community. Custom sponsorship options to align with your brand's goals. What's next: IT recruiters head to small towns of Bharat Numberwise: Tier-II and Tier-III cities saw a surge of more than 50% increase in IT hiring from January to June, according to Teamlease. In contrast, Tier-I cities, which include Bengaluru and the National Capital Region, posted 12–15% growth. Cities like Coimbatore, Nagpur and Nasik are clocking 20–25% annual growth, Indore and Jaipur are racing ahead at 30–40%. Supporting roles are also rising faster in smaller cities, growing 24–31% in tier-II and -III cities, versus 8–15% in metros. But why? Improved digital infrastructure, friendly government policies, and the rise of remote (and hybrid) work have helped level the playing field. Add to that the fierce startup competition in big cities, and companies are now tapping straight from local colleges. The result? Operational costs are nearly 30% lower. Tesla shareholders can invest in sister concern xAI Tell me more: War chest: Synergies: Bitcoin crosses $120,000 to record high What's fuelling the rally? Tell me more: Ripple effect: Ola Electric changed strategy after its revenue halved and profit slumped by almost a quarter in Q1 FY26. This and more in today's ETtech Top 5.■ New IT hiring hubs■ Tesla eyes xAI stake■Bitcoin shines brightBhavish Aggarwal, founder, Ola ElectricElectric two-wheeler manufacturer Ola Electric's operating revenue nearly halved in the June quarter to Rs 828 crore , as vehicle sales declined amid increasing competition in the EV sector. Once the clear category leader, the company is now struggling to keep Bhavish Aggarwal said that the company is pivoting from aggressive expansion to profitability and operational stability. The industry, he added, is past its hyper-growth stage and entering a phase of Electric flagged rare earth magnet supply as a long-term concern for automakers. It's working on a two-pronged approach – sourcing from alternative suppliers and launching a rare-earth free motor, expected to reach customers next quarter. The company has also begun in-house battery cell production, with deliveries scheduled for Electric stock jumped 18.3% to close at Rs 47.1 on the BSE on FY26, the company expects to sell 3.25–3.75 lakh vehicles and clock Rs 4,200–Rs 4,700 crore in revenue. It currently trails TVS Motor and Bajaj Auto in market share, according to Vahan data A 50% tariff on US copper imports has sent shockwaves through India's electronics and chipmaking ambitions. While US President Donald Trump may be playing to a domestic gallery, the ripple effects could unsettle global supply chains, and India risks getting caught in the crossfire India relies heavily on imported high-purity copper. Industry leaders say that's a vulnerability. Their remedy: Build local capacity to produce high-grade copper alloys and materials vital to the electronics and semiconductor value present, Indian producers—Hindustan Copper, Sterlite, and Hindalco—do not manufacture semiconductor-grade copper at scale. The few global producers that do—and offer competitive prices—are based in China, which is squarely in the firing line of Trump's tariff sits at the heart of manufacturing. It's essential for printed circuit boards (PCBs), capacitors, resistors, connectors, relays, and the wiring used in semiconductor packaging and input costs and global supply snarls could derail India's cost-sensitive semiconductor projects, warned India Electronics and Semiconductor Association (IESA) head Ashok semiconductor and electronics manufacturing ecosystems are still finding their feet. Disruptions now could scare off investors and put a break on growth, just as momentum was Top 5 and Morning Dispatch are must-reads for India's tech and business leaders, including startup founders, investors, policy makers, industry insiders and Reach out to us at spotlightpartner@ to explore sponsorship smaller cities are fast catching up with established tech hubs as magnets for IT and software development talent. Staffing firms report a clear shift in hiring trends over the first half of Musk, CEO, TeslaIf it were solely up to him, Tesla would have invested in xAI already, said Elon Musk, who owns both companies. But in true 2025 fashion, a casual post on X has snowballed into something bigger. After a user floated the idea online, Musk said he'll now put the question to Tesla shareholders 'It's not up to me,' he wrote. 'If it was up to me, Tesla would have invested in xAI long ago.'That backing could help xAI take on the heavyweights – Google, Microsoft, and OpenAI in the AI arms race. Musk is reportedly chasing a $170-200 billion valuation for xAI, with SpaceX expected to chip in $2 billion of a planned $5 billion fundraise, per the Wall Street says xAI is burning through over a billion dollars a month as it races to develop newer models, spending far more than it insists this won't lead to a merger , but says he wants more overlap between xAI and his other ventures, especially Tesla and has smashed through the $120,000 barrier for the first time, touching a new all-time high of $122,571.19 on is building ahead of a crucial debate in the US House of Representatives, where lawmakers are set to discuss a package of bills that could finally bring some regulatory clarity to the crypto space. The industry sees this as a potential tipping is now up nearly 29% this year, helped in no small part by US President Donald Trump's vocal backing for crypto. Unlike his predecessor, the Biden administration's somewhat cautious stance, Trump has embraced digital assets, declaring in March that he'd make the US 'the Crypto Capital of the World.'The broader market is on the move as well. The total crypto market has surged to around $3.78 trillion, according to CoinMarketCap. Ether, the second-largest cryptocurrency, hit a five-month high of $3,059.60. XRP and Solana gained roughly 3% fresh milestone comes just days after Bitcoin's previous record of $116,781
