Key Takeaways
- Mt. Gox moved 11,501 Bitcoin worth over $1 billion in its third major March transfer.
- The exchange still holds about 35,000 Bitcoin, valued at $3.1 billion.
- Repayment deadline was extended to October 31, 2025, due to incomplete creditor procedures.
Mt. Gox, the defunct Japanese Bitcoin exchange, has moved another large batch of Bitcoin — 11,501 BTC worth over $1 billion — marking its third significant transfer in March.
Details of the transfer
Blockchain analytics firm Arkham Intelligence reported on March 25 that 893 BTC, valued at around $78 million, was sent to Mt. Gox’s cold wallet, while 10,608 BTC, worth roughly $929 million, was transferred to its change wallet.
The transaction follows two earlier Bitcoin movements this month.
On March 6, the exchange shifted 12,000 BTC, and on March 11, another 11,833 BTC — both transfers totaling over $2 billion.
Blockchain data firm Spot On Chain noted that some of the BTC from these prior transactions reached the crypto exchange Bitstamp.
Spot On Chain also speculated that the 893 BTC sent to the warm wallet…
… will be moved out shortly too.
Current holdings & speculations
Despite these recent transfers, Arkham data shows Mt. Gox still holds approximately 35,000 BTC, valued at $3.1 billion, across its wallets.
While no official payout schedule has been confirmed, the movements have sparked speculation that creditor reimbursements may be approaching.
Under bankruptcy terms, creditors can opt to receive their repayments in Bitcoin.
A July 2024 Reddit poll found many of those awaiting payouts had no immediate plans to sell.
Background on Mt. Gox
Mt. Gox declared bankruptcy in February 2014 after losing 850,000 BTC in one of the largest Bitcoin hacks in history.
At its peak, it handled up to 80% of global Bitcoin trades.
Although payouts were initially expected earlier, the trustee extended the repayment deadline last October to October 31, 2025.
