Bitcoin · 99Bitcoins
Creditors must first receive their coins and then decide whether to sell
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Since repayments began in July 2024, about 107,311 BTC have been distributed from an original pool of ~142,000 BTC, leaving approximately 34,000–35,000 BTC remaining.
Key facts
- Since repayments began in July 2024, about 107,311 BTC have been distributed from an original pool of ~142,000 BTC, leaving approximately 34,000–35,000 BTC remaining
- Defunct exchange Mt. Gox has transferred 10,306 BTC worth roughly $731 million to a new wallet, according to Lookonchain
- When ETFs see sustained inflows, the market benefits, as the $739M payout over time is a small fraction of weekly ETF volume
- DISCOVER: The Next 1000x Crypto Gem Before It Lists on Binance
Summary
Mt. Gox has transferred approximately $739M in Bitcoin to a new wallet, a move confirmed by on-chain monitoring firms Arkham Intelligence and Whale Alert, who traced the transaction to cold storage addresses linked to the defunct exchange’s 2011–2014 holdings. The transfer signals the continuation of the long-awaited Bitcoin repayment process for creditors who have been waiting over a decade to recover their funds. Gox Moves $731M In Bitcoin. Defunct exchange Mt. Gox has transferred 10,306 BTC worth roughly $731 million to a new wallet, according to Lookonchain. While no sale has been confirmed, the transaction is one of the largest Bitcoin… pic.twitter.com/TWzT1qHTIh.