- Mt. Gox has moved 11,834 BTC, valued at $910 million, to a new wallet and warm wallet.
- The recent transfer of BTC follows a period of minimal movement from Mt. Gox-linked wallets.
- Speculation grows around these movements, potentially being linked to ongoing creditor repayments.
Mt. Gox, the bankrupt cryptocurrency exchange, has moved 11,834 Bitcoin (BTC) worth approximately $910 million. According to a post on X by Spot On Chain, the transaction includes a transfer of 11,502 BTC valued at $885 million to a new wallet. In addition, 332 BTC, worth about $25.5 million, was moved to a warm wallet.
Recent Activity and Market Impact
The most recent movement occurred on March 6, 2025, when Arkham Intelligence reported the transfer of 12,000 BTC from the Mt. Gox wallet (1PuQB). This transfer, valued at over $1 billion, had a minimal transaction fee of just $1.64.
The transaction was followed by the movement of 166.5 BTC, worth around $15 million, to the Mt. Gox cold wallet (1Jbez). The rest of the assets, totaling 11,834 BTC, were sent to an unidentified wallet (1Mo1n).
Mt. Gox-linked entities currently control 36,080 BTC, worth approximately $3.26 billion, according to Arkham Intelligence. This is the first significant transfer from Mt. Gox-linked wallets in over a month, with the most recent movement being a minor shuffle of just 4 BTC between cold wallets.
Potential Implications for Creditors
The timing of these transactions raises questions about the ongoing creditor repayments following the exchange’s bankruptcy in 2014. The trustee managing Mt. Gox’s Bitcoin holdings began payouts to creditors in 2024. Last October, the trustee extended the deadline for repayments by a full year, now set for October 31, 2025.
Previous movements of Bitcoin by Mt. Gox have been linked to creditor repayments. For example, a transfer of 166.5 BTC was made to the BitGo wallet just five days ago, potentially for creditor payouts. With this new transfer, some experts speculate that the 332 BTC sent to the warm wallet may be moved again soon, possibly in connection with creditor settlements.
This latest transfer adds to the growing history of Mt. Gox Bitcoin movements. In December, the exchange shifted over 1,600 BTC through a series of unknown wallets, following a transfer of more than 24,000 BTC earlier in the same month.
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