$8.6 Billion Bitcoin Transfer Sparks Security and Market Speculation

Jul 13, 2025 (25 days ago)

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A single entity moved 80,000 BTC worth $8.6 billion, raising concerns about potential hacks and regulatory implications.

Massive Bitcoin Transfer and Security Concerns

A single entity transferred 80,000 BTC worth $8.6 billion in eight transactions, the first movement in over a decade1
Coinbase's Conor Grogan suggested the possibility of hacked or compromised private keys1
Ark Invest's Cathie Wood speculated about a potential government settlement deal1

The entity likely holds more BTC beyond the 80,000 transferred, with a historical 200,000 BTC in one wallet1
CryptoQuant analyst J.A. Maartun reported over 120,000 BTC remain untouched1