Kelsier Ventures Crypto Holdings Plunge from $300 Million to $2 Million

Kelsier Ventures, a crypto investment firm linked to Hayden Davis, saw its wallet holdings plummet from nearly $300 million to just $2 million, according to blockchain analytics firm Arkham. In February 2025, Arkham identified over 1,000 addresses tied to Kelsier Ventures and Davis, with most of the value coming from LIBRA tokens. By October 2026, the remaining value across these tracked addresses had dropped to approximately $2 million.

The decline in wallet value could be attributed to various factors, including token price fluctuations, transfers between addresses, sales, or changes in Arkham’s tracked holdings. Arkham’s report did not provide a detailed transaction-by-transaction breakdown explaining the significant drop.

The Kelsier wallets were initially reported on February 19, 2025, just five days after the launch of LIBRA on Solana. Argentine President Javier Milei had promoted the token shortly after its launch, but the project’s value collapsed shortly afterward. Davis later denied that LIBRA was intended as a scam.

The decline in wallet value comes amid ongoing legal battles. A U.S. civil lawsuit, Hurlock v. Kelsier Ventures, was dismissed on September 29, 2026, with the court ruling that the plaintiffs’ allegations did not meet the necessary legal and jurisdictional requirements. However, Argentina’s criminal investigation into LIBRA remains open, with prosecutors examining potential fraud and other charges.

Arkham continues to monitor the remaining Kelsier wallets, though it does not claim that the $2 million figure represents all assets controlled by Davis or Kelsier Ventures. The analytics firm’s public entity page allows for ongoing tracking of token holdings and transfers related to the entity.