Mt. Gox-linked wallet moves over 2,300 BTC as Bitcoin reclaims $100K
Key Takeaways
- Mt. Gox moved over 2,300 BTC to an unidentified wallet, marking another significant transfer this month.
- The transfers coincide with the Bitcoin price hitting $100,000, amid potential Federal Reserve policy changes.
A wallet linked to the defunct crypto exchange Mt. Gox moved 2,324 Bitcoin worth $234 million to an unidentified wallet early Thursday, according to data from Arkham Intelligence. The latest transfer took place amid Bitcoin’s rally above $100,000, driven by anticipated Fed rate cuts after the latest inflation report .
The transfer followed Wednesday’s movement of 2,623 Bitcoin, valued at approximately $255 million, from Mt. Gox-labeled wallet to two addresses, with around $10 million reaching B2C2.

The remaining funds were distributed to other addresses before landing in a wallet beginning with “14jvfU.”

The defunct crypto exchange has made several Bitcoin transfers this month, including $2.4 billion worth of Bitcoin to an unknown wallet on Dec. 5, followed by over $350 million the next day.
Following these activities, Mt. Gox’s wallet retains around 36,000 BTC, valued at $3.6 billion in its wallet.
While the purpose of these transfers remains uncertain, historical data suggests that such movements often precede creditor repayments facilitated by centralized exchanges like Bitstamp and Kraken.
Mt. Gox has recently extended its repayment deadline to October 31, 2025, pushing back the original target of October 31, 2024.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Michael Saylor Doubles Down on Bitcoin With New Major Purchase Despite Losses

Polymarket Predicts 42% Chance of Bitcoin at $95K
Polymarket users put a 42% probability on Bitcoin hitting $95K or lower this month.Why Traders Are Betting on a Dip🚀 What Could Trigger the Drop?Factors to Monitor🧭 How Traders Might React

Ethereum Whales Maintain Solid Positions Despite Price Drop

Mango Network Unveils Tokenomics Ahead of MGO Token Launch and Exchange Listings
Layer-1 blockchain Mango Network is gearing up for the highly anticipated launch of its native token, MGO, with major exchange listings already confirmed for June 24, 2024, at 09:00 AM UTC on platforms such as Bitget, MEXC, and KuCoin.

Trending news
MoreCrypto prices
More








