Mt. Gox moves $739M in Bitcoin from cold wallets: Arkham
Mt. Gox moved about 10,306 BTC, worth roughly $731 million, from its cold wallets to a new unmarked address, its first onchain transfer in over two months. It also sent 116.3 BTC, about $8.25 million, to a hot wallet. The larger transfer is currently unspent, meaning it has not moved again. The activity has renewed speculation that creditor repayments may be approaching, which could add selling pressure if recipients cash out after waiting more than a decade. Mt. Gox still holds about 34,504 BTC, worth around $2.4 billion. Creditor repayments began in July 2024 through Kraken and Bitstamp, but the process has been delayed, with a new completion deadline set for October 31, 2026. Bitcoin also weakened below $70,000 as some corporate holders disclosed sales.
