Mt. Gox Przenosi Kolejne 1 Miliard $ w Bitcoinach: Co Stoi Za Tą Operacją?

Mt. Gox once again makes waves in the crypto community after transferring a massive 11,501 Bitcoin. Here's what it means for the market and why you should pay attention.

$1B BTC Transfer

On March 25, Arkham Intelligence revealed that Mt. Gox moved 11,501 Bitcoin across wallets in two separate transfers. One involved 893 Bitcoin, valued at around $78 million, sent to Mt. Gox's cold wallet. The other 10,608 Bitcoin—worth about $929 million—was moved to a "change wallet."

This isn’t the first time Mt. Gox has made a major impact with such transactions. Earlier this month, the exchange shifted 12,000 Bitcoin on March 6 and another 11,833 Bitcoin on March 11. However, considering the exchange's troubled history, these moves are far from ordinary.

Why Now?

So, why does Mt. Gox, which collapsed in 2014, still hold so much Bitcoin? After its bankruptcy following a massive hack that led to the loss of 850,000 Bitcoin, the exchange entered long legal proceedings. Creditors have been awaiting their payouts ever since.

Currently, Arkham data shows that Mt. Gox still controls about 35,000 Bitcoin, worth around $3.1 billion. The trustee in charge of distributing Mt. Gox's assets has been moving Bitcoin to prepare for future creditor payouts. One of the recent transactions even ended up at Bitstamp, a major exchange.

The deadline for creditor payouts has been extended to October 31, 2025, due to delays in the verification process. It is believed that Mt. Gox is preparing for the eventual distribution of Bitcoin to creditors, who can opt for compensation in Bitcoin. Many creditors are holding their Bitcoin rather than selling, keeping the attention of the broader crypto community.

Market Impact

Large transfers like these can send shockwaves through the market, especially when they involve assets like Bitcoin. However, strangely, Mt. Gox's recent transactions haven’t triggered the kind of market reaction we might expect. Bitcoin's price has remained stable despite these massive transfers.

As of March 25, Bitcoin was trading around $86,500, showing solid recovery. It’s currently up 2.00% on the day, trading above the $88K mark, and showing a 6% increase over the past week. But no significant jumps have been seen yet.

This suggests Bitcoin’s resilience continues to impress investors. Despite the steady flow of Mt. Gox-related transactions, the market remains calm, indicating investor confidence.

In conclusion, the Mt. Gox saga is still unfolding. While the recent Bitcoin transfers have sparked interest, they haven't caused the anticipated chaos. Whether the market stays steady amidst these events is yet to be seen, but one thing is clear: Mt. Gox's moves are far from over, and the crypto world is watching closely.