Mt. Gox Transfers $930 Million in Bitcoin Ahead of Creditor Payouts
Bitcoin held by Mt. Gox transferred 11,834 BTC, approximately $930 million, to new wallets. This follows a $1 billion asset reshuffling last week.
- $26 million was moved to an "operations wallet," possibly for creditor payouts.
- The remainder went to a "change wallet."
- A prior transfer of $15 million was made to crypto custodian BitGo for creditor claims.
- Concerns about selling pressure on BTC persist as the exchange prepares to distribute assets worth billions.
- The repayment deadline has been postponed to October 31, 2025.
Mt. Gox wallets currently hold $2.9 billion in BTC, raising concerns over potential market impact as crypto prices decline nearly 30% from January highs.