Mt. Gox Moves $2.8B in Bitcoin Amid Surge Above $100K.

The dormant Mt. Gox exchange stirred market attention on Thursday, transferring nearly $2.8 billion worth of Bitcoin to an unidentified wallet amid the cryptocurrency’s record-breaking rally past $100,000.

Blockchain data flagged by Arkham Intelligence revealed that the Mt. Gox-linked address (1FHOD) moved 27,871 BTC to a new address (1N7jWmv63mkMdsYzbNUVHbEYDQfcq1u8Yp). Despite the transfer, the exchange still holds over 39,878 BTC, valued at more than $4 billion.

This marks the second major transfer in recent weeks, following a 2,500 BTC movement last month. The transactions are believed to be tied to creditor repayment preparations, an ongoing process that has faced repeated delays. In October, the trustee extended the repayment deadline to October 31, 2025, fueling speculation about the timing and impact of these distributions.

Bitcoin’s price remains unfazed by the development, holding strong above $103,000, suggesting robust market confidence despite the resurfacing of significant Mt. Gox holdings.