Roger Ver, Investor in Bitcoin startups

Roger Keith Ver was a founding sponsor of Bitcoin and an early investment in companies that are focused on the cryptocurrency. Ver has been called “Bitcoin Jesus” on occasion. Now, his main focus is on promoting Bitcoin Cash, which Ver believes fulfills the original and intended goal of the “Bitcoin White Paper” that Satoshi Nakamoto initially released in 2009, referring to Bitcoin as a peer-to-peer electronic cash system.

He sold pyrotechnics on eBay and subsequently entered a guilty plea to a related crime. He was born and raised in Silicon Valley. After serving a ten-month sentence, he relocated to Japan in 2005. After getting a passport to Saint Kitts and Nevis in 2014, he relinquished his US citizenship. He was previously Bitcoin.com’s CEO.

2023

Last year, Roger filed a lawsuit in the Seychelles against Bit.com’s operator, Matrixport subsidiary Smart Vega, seeking the confiscation of $8 million, which he claims is being held because Jihan Wu of Matrixport holds him accountable for CoinFLEX’s demise. While the creditors of CoinFLEX and the management of OPNX await their day in court in Hong Kong, Roger Ver, often known as “Bitcoin Jesus,” and Jihan Wu, the co-founder and chairman of Matrixport, are embroiled in another legal dispute. The dispute concerns the $8 million that Ver claims Wu withheld from him as retaliation for his alleged involvement in the collapse of the unaffiliated cryptocurrency exchange CoinFLEX.

Roger Ver’s net worth changed significantly as of 2023 as a result of his calculated decision to switch to cryptocurrency investing. After initially possessing a significant amount of Bitcoin, Ver apparently converted all of his Bitcoin holdings—335,000 BTC—to Bitcoin Cash (BCH) following the Bitcoin fork. This was a really smart move, however his holdings lost value as a result of the ensuing volatility in the BCH/BTC ratio. Because of this, his 335,000 BCH are currently worth more than 2,100 BTC, making his portfolio worth over $77,379,750.

Latest news about Roger Ver

• Mark Lamb, founder of OPNX and CoinFLEX, has announced a new deal for creditors following the exchange’s 2022 bankruptcy. The deal allows creditors to trade their existing stakes for 25% equity in OPNX and a distribution of 1 billion OX tokens over a decade. This allocation is set to reward early agreement. However, legal actions by CoinFLEX creditors allege that Lamb overstepped his fiduciary responsibilities, leading to the launch of OPNX as a competing entity.
• Celsius Network, a cryptocurrency platform, is shifting its focus to Bitcoin mining operations after facing financial challenges. The company plans to register shares in a new publicly traded Bitcoin mining company, “Mining NewCo,” owned by Celsius customers. The new company will have lower management fees and increased liquid cryptocurrency distributions for creditor payouts. Celsius will seek bankruptcy court approval for modifications, but expects creditor distributions by January 2024.

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