Mt. Gox Moves $1B in Bitcoin for Third Time in Four Weeks, Price Steady at $87K

Mt. Gox, the defunct Japanese cryptocurrency exchange, has transferred a total of 11,501 bitcoins, valued at approximately $1.01 billion, to two different wallets. According to on-chain data from Arkham Intelligence, 893 bitcoins, worth about $78.11 million, were moved to Mt. Gox's hot wallet, while 10,608 bitcoins, valued at around $927.48 million, were transferred to a change wallet.

This recent movement of funds marks the third significant on-chain transfer by Mt. Gox in the past four weeks, following transfers of over $900 million on March 11 and over $1 billion on March 6. Despite these large movements, the price of bitcoin has remained steady, trading near $87,000.

The exchange has extended its creditor payout deadline to October 31, 2025, due to ongoing verification and processing requirements for claimants. These transfers are part of the ongoing efforts to manage and distribute the remaining assets to creditors.

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