Mt. Gox Moves Massive Bitcoin Holdings in Anticipation of Repayment
Mt. Gox, the defunct cryptocurrency exchange, recently transferred a substantial amount of *BTC* to an internal wallet, sparking speculation about an imminent repayment to creditors. According to the latest activity, 44,527 BTC, valued at approximately $2.84 billion, was moved five minutes ago.
As of now, Mt. Gox holds 138,985 BTC, which is worth about $8.87 billion. Within the same timeframe, a Mt. Gox-related address transferred 0.021 bitcoins to another address, which is believed to be a test transaction. Despite these movements, Mt. Gox-related addresses still maintain roughly 138,000 BTC, which is worth around $8.91 billion.
Large Transfers to Unmarked Addresses
Three significant transfers to unmarked addresses were observed today. At 14:39 UTC+8, 526.952 BTC, valued at approximately $33.63 million, was transferred to the address 1HRApr…GPv3b2. Shortly after, at 14:49 UTC+8, 42,587 BTC, worth about $2.7 billion, was moved to the address 18vjnB…HDct9b. Later, at 16:12 UTC+8, 48,641 BTC, equating to approximately $3.07 billion, was sent to the address 3JQieE…1YyFrE.
These transfers have led to widespread speculation that Mt. Gox may be preparing for repayments to creditors as part of its ongoing bankruptcy resolution process. The cryptocurrency community is closely monitoring these movements, awaiting further developments that could have significant implications for the market.
