Bitcoin · CoinDesk
Mt. Gox moves 10,422 bitcoin worth $739 million to a new wallet as deadline nears
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Defunct bitcoin exchange Mt. Gox moved 10,422.65 bitcoin BTC $ 69,348.21 worth roughly $739 million to a new wallet at 04:47 UTC on Tuesday, marking the largest single transfer in months and its biggest move ahead of the October 31, 2026 deadline to complete creditor repayments.
Key facts
- The transaction, recorded on Bitcoin block 952,072, sent 10,306.35 BTC ($730.78 million) to a previously unseen address starting with 14FEEM, while a smaller 116.30 BTC ($8.25 million) slice routed to Mt
- Mt. Gox still holds roughly 34,504 BTC valued at $2.43 billion, the largest unresolved holding tied to any failed crypto exchange
- The movement comes during a sharp bitcoin slide that has taken BTC below $71,000 for the first time in weeks, with Strategy's first publicized bitcoin sale, a record 10-session spot ETF outflow
- Repayments officially began in mid-2024 and around 19,500 creditors have received funds, though trustee Nobuaki Kobayashi has pushed back the final deadline twice
Summary
Defunct bitcoin exchange Mt. Gox moved 10,422.65 bitcoin worth about $739 million to new wallets on Tuesday, its largest transfer in months ahead of an October 31, 2026 repayment deadline. The split transaction, which sent most of the coins to a previously unseen address, mirrors earlier administrative moves tied to creditor distributions, though none of the bitcoin has yet reached a custodian or exchange. Mt. Gox still holds roughly 34,504 bitcoin valued at $2.43 billion, and any eventual payouts to the roughly 19,500 creditors—many of whom bought before the 2014 collapse—could add selling pressure to a market already under strain.