Mt Gox Transfers $953 Million in Bitcoin After Long Pause
- Mt Gox moved approximately 10,608 BTC, valued at $953 million, marking its first significant transfer in eight months.
- The estate still holds around 34,689 BTC, worth about $3.14 billion, with repayments postponed to October 2026.
- The newly created receiving wallet has not sent any coins to exchanges, reducing fears of immediate selling.
The recent transfer from Mt Gox’s cold wallet was closely watched due to its potential market impact, given the large volume of bitcoin involved. The estate has been managing its assets as part of ongoing rehabilitation proceedings following its collapse in 2014.
Despite the substantial movement of funds, the lack of activity towards exchanges suggests no imminent sale is planned, maintaining market stability for now. Source
