Mt. Gox Moves $1.2B in Bitcoin—Largest Transfer in Years
Highlights:
- 12,000 BTC ($1.2B) transferred to a new wallet, raising speculation.
- One of the largest Mt. Gox transactions since its 2014 collapse.
- Bitcoin climbs 6.5% to $92,300 following the movement.
In a significant move, defunct crypto exchange Mt. Gox has transferred over 12,000 BTC—valued at approximately $1.2 billion—to a new wallet.
The funds were moved from wallet “1PuQBjpPfAuANa3KM4HBdfF98BC7wnWhTb” to a cold wallet before being consolidated into “1Mo1nW5ZM5m2tx9qMsYm2YJxGn3TeS9gR9.”
This transaction is among Mt. Gox’s largest since its infamous 2014 hack, which saw 740,000 BTC stolen. Trustees have been working on a reimbursement plan for creditors, with a final deadline set for October 31, 2025.
Such movements often precede liquidations on crypto exchanges, leading to speculation about potential market impact. However, Bitcoin has responded positively, climbing 6.5% to $92,300.
Market watchers will now be tracking further movements to gauge whether more BTC will be released into circulation.
