Mt. Gox Moves $739M in Bitcoin to Two Addresses

Defunct Tokyo-based exchange Mt. Gox transferred 10,306 bitcoin, about $730.8 million at current prices, from cold wallets to the address 14FE…c9eq and moved 116.3 BTC to a hot wallet at about 4:47 a.m. UTC on Tuesday, according to Arkham Intelligence blockchain data.

Arkham’s tracking marks the 10,306 BTC as unspent. The transactions were the estate’s first notable bitcoin movement since late March, when it shifted a comparatively small amount between internal wallets.

Arkham data shows the Mt. Gox estate still holds 34,504 BTC across its addresses, valued at roughly $2.43 billion based on current prices.

Mt. Gox began returning assets to creditors in July 2024 through partner exchanges including Kraken and Bitstamp. The rehabilitation trustee extended the repayment deadline to October 2026, the third postponement from the original Oct. 31, 2023 deadline.

Mt. Gox was once the world’s largest bitcoin exchange, handling about 70% of global bitcoin trades in 2013. It collapsed after a 2014 hack that resulted in the loss of roughly 850,000 BTC and led the company to file for bankruptcy protection.

No public statement from the rehabilitation trustee accompanied Tuesday’s on-chain activity, and Arkham has not confirmed whether the transfers are tied to creditor repayments. Market participants and blockchain analysts are watching the addresses for further transactions.