Mt. Gox Just Moved Over $1 Billion in Bitcoin - BTC Nears $92k

This Is the Exchange's First Major Transaction Since January, Possibly Related to Repaying Creditors.

Mt. Gox, the world's largest Bitcoin exchange before its bankruptcy, just made a notable transaction - sending over $1 billion in Bitcoin to an anonymous address.

According to data from Arkham Intelligence, about 2 hours ago, the address "1Mo1…9gR9" received 11,834 BTC, worth $1.07 billion, from Mt. Gox's "1PuQB" wallet. This is the exchange's first major transaction since late January.

After that, Mt. Gox also transferred an additional 166.5 BTC ($15.12 million) to the address “1Jbez,” suggesting it was part of a plan to manage its assets before repaying creditors.

Launched in 2010, Tokyo-based Mt. Gox quickly became the world’s largest Bitcoin exchange three years later, “holding” 70% of all global Bitcoin transactions.

However, by early 2014, Mt. Gox had to stop all withdrawals and then stop trading altogether. The website was taken down, and the company filed for bankruptcy protection after being hacked and losing more than 800,000 BTC, worth billions of dollars at the time.

Thousands of Mt. Gox creditors have been waiting for years to be reimbursed for the stolen Bitcoin. The repayment was originally scheduled to take place earlier, but in October 2024, Mt. Gox announced that it would extend the repayment deadline by 12 months, to October 31, 2025.

At the time of writing, the wallet cluster Arkham flagged as belonging to Mt. Gox still held 36,080 BTC, worth around $3.27 billion.

This latest transaction could be a sign that Mt. Gox is preparing for an upcoming repayment, but it remains unclear whether the Bitcoin will be distributed to creditors immediately.

Bitcoin prices appear to be responding positively to the news, jumping to $91,903, after two days of slipping below $90,000 since Trump’s tariffs began.