Mt. Gox Moves $953M in BTC After 8 Months, Stirring Market Concerns

The bankrupt Japanese cryptocurrency exchange Mt. Gox has executed its largest Bitcoin transfer in eight months, despite postponing creditor repayments until the end of 2026.

According to Arkham, Mt. Gox transferred 10,608 BTC worth roughly $953 million. This is the most significant transaction since March 25, when the exchange moved 893 BTC valued at $77.3 million.

Despite the transfer, the exchange still holds 34,689 BTC, approximately $3.14 billion.

The move surprised the crypto community because Mt. Gox recently delayed its repayment schedule by another year — until October 31, 2026 — citing unresolved creditor procedures.

“Because it is desirable to make repayments to rehabilitation creditors to the maximum extent possible, the rehabilitation trustee, with court approval, has revised the repayment schedule,” Mt. Gox wrote in its October 27 notice.

Founded in 2010 in Tokyo, Mt. Gox was once the largest cryptocurrency exchange in the world — handling 70% of all Bitcoin trades in 2013. In early 2014 it suffered a major hack, losing around 850,000 BTC, which ultimately led to its bankruptcy. In July 2024 Mt. Gox began repaying creditors.

Despite concerns about large incoming supply, Mt. Gox-related transfers have had diminishing impact on Bitcoin’s price, as new institutional demand — including corporate treasuries and U.S. spot BTC ETFs — continues to absorb released liquidity.

Since the repayment process began in July 2024, Bitcoin’s price has risen more than 60%, from $56,160 to $91,172 today.

See also: "Crypto Market Loses $1.2 Trillion as Traders Flee"

#Bitcoin (BTC) #Sell

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