Mt. Gox-linked wallets moved 10,422 BTC, worth roughly $739 million as BTC price slides
Mt. Gox estate wallets moved 10,422 BTC on June 2, worth about $739 million, mostly to a fresh address and 116 BTC to a known Mt. Gox hot wallet. The transfer happened months before the Oct. 31, 2026 repayment deadline and left the estate with roughly 34,504 BTC. No confirmed onward movement to an exchange, custodian, liquidity provider, or creditor distribution venue was reported, so immediate sell pressure remained unproven. The move matters because Mt. Gox still represents a large potential supply overhang, especially during a weak market. Bitcoin was already under stress that day, falling more than 5% below $68,000 amid heavy liquidations, so the transfer likely added to bearish sentiment. The key signal to watch is whether coins leave estate-controlled wallets for venues that can distribute or sell them.
