In the crypto currency market, Mt. Gox is on the agenda with a large -scale Bitcoin mobility. Bankruptcy, the stock market, about 1 billion dollars worth 11,501 BTC transferred to different wallets. This transfer is thought to be a preparation for creditor payments.
Mt. Gox Bitcoin transfers continues
Crypto Analysis Platform Arkham Intelligence, Mt. Gox shared the details of his new transfer. According to the data, the stock market carried 893 BTC (about 78 million dollars) to its cold wallet and 10,608 BTC (about $ 929 million) to its hot wallet. This was the third major transfer of the stock market in March.
Mt. Gox had previously made large transfers. The stock market, which carries 12,000 BTC ($ 1 billion) and 11,833 BTC ($ 930 million) on March 11 on March 6, continues various regulations with BTCs. Currently, the wallets controlled by the stock market are known to have 35,583 BTC ($ 3,073 billion).
Creditors’ payments continue
In 2014, Mt. Gox was the largest exchange in the crypto world at that time. The Japanese courts decided to reimburse the creditors after years of lawsuit. However, it took a long time to complete the process and the payments have been postponed many times.
Within the scope of the bankruptcy process managed by the court, Mt. Gox plans to complete most of the payments of creditors by 31 October 2025. However, the authorities say that many creditors still have not completed the necessary procedures.
Mt. How do Gox’s Bitcoin sales affect the market?
Mt. on Reddit According to a survey conducted in the Gox Insolvency community, 56 %of the creditors plan to keep their BTC in their hands instead of selling the BTC. This shows that a large wave of sales may not be experienced in the market.
On the other hand, when Bitcoin reached $ 100,000 in December 2024, Mt. Gox has seen 24,000 BTC ($ 2.4 billion) to an unknown address. It is not clear why these transfers are made. It is not yet known whether the last 11,501 BTC transfer will be reflected in the market as direct sales. However, if these assets are used for sales purposes, fluctuations may occur in the price of Bitcoin. As the creditor payments continue, Mt. Gox’s BTC movements on the market is expected to continue. In the coming months, Mt. The effect of gox -based sales on the price of Bitcoin will be closely monitored.
