Defunct cryptocurrency exchange Mt. Gox moved 11,501 BTC worth approximately $1.01 billion to an anonymous wallet and an exchange hot wallet, according to blockchain data from Arkham Intelligence.
Mt. Gox Transferred $1 Billion Worth of Bitcoin, Kept 35,583 BTC
Transfer Details
- Transfer time: March 25, 8:21
- Toplam Bitcoin Hareketi: 11,501.58 BTC (1.01 milyar dolar)
- 10,608.16 BTC ($927.5 million) sent to an anonymous wallet (“1DcoA…AWXFe”)
- 893 BTC ($78.5 million) transferred to Mt. Gox hot wallet
- Current Status: Transferred Bitcoin not yet spent
This marks one of the largest BTC transfers from Mt. Gox wallets in recent history. While such transactions have sometimes occurred before refunds to creditors, it is currently unclear whether this move is part of an upcoming distribution.
Potential Market Impact
Mt.Gox, once the largest Bitcoin exchange, is gradually repaying 142,000 BTC ($11 billion) and 143,000 Bitcoin Cash to its creditors.
Some creditors received refunds through Kraken and Bitstamp, but the exchange postponed the refund deadline to October 31, 2025.
With 35,583 BTC ($3.1 billion) still in Mt. Gox’s possession, concerns remain over potential selling pressure if these assets are distributed to creditors and subsequently liquidated.
The price of Bitcoin remained relatively stable following the transfer, but analysts will be closely watching for any further movements from Mt.Gox wallets in the coming months.
*This is not investment advice.
