Mt. Gox Awakens: $936M Bitcoin Transfer Shakes Crypto Market After 8-Month Hiatus
Sleeping giant stirs—Bitcoin's most infamous whale just flexed.
Mt. Gox's cold wallets cough up nearly $1B in BTC, marking the first movement since March 2025. The transfer—executed with surgical precision—sent shockwaves through derivatives markets as traders scrambled to hedge exposure.
Where's it headed? Creditor repayments? OTC dump? Another decade-long nap? (We'd ask their 'PR team,' but bankruptcy trustees don't do press tours.)
One thing's certain: Wall Street's 'digital gold' narrative looks shaky when a single entity can move 5% of daily trading volume with one transaction. But hey—at least it's not another stablecoin collapse.
Mt. Gox has stirred the market again after eight months of silence, moving 10,423 Bitcoin, worth about 936 million dollars, to a fresh wallet address. On-chain data from trackers like Arkham Intelligence and analysts such as lookonchain confirm the shift from Mt. Gox–linked wallets as part of its long-running creditor repayment process. Traders are watching closely, as any future MOVE of these coins to exchanges could increase selling pressure, even though repayments have already been delayed and staggered to ease market impact.
