Bitcoin · CryptoSlate
Mt. Gox-linked wallets moved 10,422 BTC, worth roughly $739 million as BTC price slides
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The transfer revived the bankruptcy overhang while BTC was already under pressure, but the watched threshold is onward routing to exchanges, custodians, liquidity providers, or repayment partners.
Key facts
- CryptoSlate market data on June 3 showed BTC trading at $66,737, down 3.76% over 24 hours, with $57.34 billion in 24-hour volume
- The broader CryptoSlate coin rankings showed a $2.3 trillion crypto market, $137 billion in 24-hour volume, and 57.9% Bitcoin dominance
- The estate-linked wallets moved 10,422 BTC on June 2, worth roughly $739 million at the time of the transfer
- The transfer occurred in Bitcoin block 952,072 at around 04:47 UTC, months before the current repayment deadline of Oct. 31, 2026
Summary
Mt. Gox moved more than $700 million worth of Bitcoin while the market was already under stress, giving traders a familiar reason to ask whether old bankruptcy coins are moving closer to new supply. The estate-linked wallets moved 10,422 BTC on June 2, worth roughly $739 million at the time of the transfer. The transfer occurred in Bitcoin block 952,072 at around 04:47 UTC, months before the current repayment deadline of Oct. 31, 2026. So, it seems that Mt. Gox is active again, while immediate sell pressure remains unconfirmed, as no onward movement to a custodian, exchange, liquidity provider, or creditor distribution venue was reported at the time of the initial report.