Mt. Gox Transfers $930M in Bitcoin as Creditor Repayments Approach
Mt. Gox-linked wallets have once again moved a significant amount of Bitcoin (BTC), signaling preparations for long-awaited creditor repayments ahead of the October deadline.
On Tuesday, an address associated with the defunct exchange transferred 11,834 BTC—valued at approximately $930 million—to multiple destinations, according to Arkham Intelligence. Analysts noted that around $26 million was sent to an “operations wallet,” which may be designated for creditor distributions, while the remainder moved to a “change wallet.”
This follows last week’s massive $1 billion BTC reshuffling and a $15 million transfer to crypto custodian BitGo, one of the platforms facilitating payouts to former Mt. Gox users.
The prospect of Mt. Gox distributions has previously weighed on Bitcoin prices, with the market reacting cautiously to any large transfers from the exchange’s wallets. While the trustee postponed the repayment deadline to October 31, 2025, concerns persist over potential sell pressure as more BTC is prepared for release.
Despite recent movements, Mt. Gox-affiliated wallets still hold an estimated $2.9 billion in Bitcoin, according to Arkham data. Traders and creditors alike will be closely watching for further transactions that could indicate the next phase of repayments.
