Mt. Gox Transfers $149 Million in Bitcoin to Bitstamp
In a significant move, Mt. Gox transferred 2,239 BTC, valued at $149 million, to Bitstamp 30 minutes ago. This marks another step in the repayment process to creditors, planned for July.
— Spot On Chain (@spotonchain) July 23, 2024
BREAKING: #MtGox moved 2,239 $BTC ($149M) to #Bitstamp 30 minutes ago!
To repay creditors in July as previously planned, Mt. Gox has so far:Deposited 1,545 $BTC ($83.5M) to #Bitbank on July 5.
Mt. Gox has been actively moving Bitcoin throughout the month. On July 5, the company deposited 1,545 BTC, worth $83.5 million, to Bitbank. Then, on July 16, Mt. Gox transferred 48,641 BTC, valued at $3.06 billion, to wallet “3JQie”, which is likely a Kraken deposit. The most recent transfer occurred on July 23, with 2,239 BTC sent to Bitstamp.
Earlier Transfer Today
Just four hours ago, Mt. Gox moved another substantial amount. A total of 42,587 BTC, valued at $2.84 billion, was transferred. Of this amount, 37,477 BTC, worth $2.5 billion, was sent to a new wallet, “15yPUC”, likely intended for creditor repayment. Additionally, 5,110 BTC, valued at $341 million, was moved to another internal cold wallet of Mt. Gox.
Mt. Gox just moved 42,587 $BTC ($2.84B) 20 minutes ago, including:
— Spot On Chain (@spotonchain) July 23, 2024
Currently, Mt. Gox still holds 101,507 $BTC ($6.78B).
Follow… https://t.co/LQ053wigB3 pic.twitter.com/bmP4EpPNw4
Mt. Gox holds a significant amount of Bitcoin, with a current balance of 101,507 BTC, valued at approximately $6.78 billion. This series of transfers indicates ongoing efforts by Mt. Gox to manage its Bitcoin assets and repay creditors as planned.
