Bitcoin Worth $930M Shifts from Mt. Gox Wallet as Repayment Date Nears

Mt. Gox Transfers $930M in Bitcoin as October Payout Deadline Nears

Wallets linked to the collapsed Mt. Gox exchange still hold approximately $2.9 billion in Bitcoin (BTC), with creditor repayments scheduled for October.

On Tuesday, Mt. Gox-linked wallets moved 11,834 BTC—worth around $930 million—marking another major transfer following last week’s transactions. According to Arkham Intelligence, about $26 million of BTC was sent to an “operations wallet,” likely in preparation for creditor payouts, while the rest was moved to a separate “change wallet.”

This follows a series of recent movements, including a $1 billion internal reshuffling and a $15 million BTC transfer to BitGo, a crypto custodian assisting with the repayment process.

Bitcoin traders have been closely watching Mt. Gox’s wallet activity, as fears of mass liquidations weighed on the market throughout 2024. The repayment deadline was extended to October 31, 2025, easing some concerns of an imminent supply shock.

However, the latest transfers suggest the long-awaited creditor distributions may be resuming, potentially adding fresh selling pressure to an already cooling crypto market. BTC has dropped nearly 30% from its all-time high in January.

Arkham’s data confirms that Mt. Gox wallets still control $2.9 billion worth of Bitcoin, with more movements likely in the coming months.