- Mt. Gox moved 11,501.4 BTC worth $1B in two major transactions on March 25, 2025.
- Mt. Gox’s Bitcoin holdings of 24,245 BTC could indicate upcoming creditor payouts.
- Bitcoin’s trading volume surged 85.12% amid ongoing Mt. Gox Bitcoin transfers.
Troubled cryptocurrency exchange Mt. Gox has once again made significant Bitcoin movements. On March 25, 2025, the exchange transferred a substantial 11,501.4 BTC, valued at over $1 billion, in two notable transactions.
The first transaction involved the movement of 10,608 BTC, worth approximately $929.7 million, to a new wallet. The second transaction saw 893.4 BTC, valued at $78.3 million, being sent to a warm wallet.
This recent activity follows a similar event that occurred on March 11, 2025, when Mt. Gox moved 11,834 BTC, then valued at $910 million. This earlier transfer was divided into 11,502 BTC sent to a new wallet and 332 BTC, worth $25.5 million, directed to a warm wallet.
Related: Mt. Gox Moves $228M in BTC, Will This Impact Bitcoin’s Price?
Why Has Mt. Gox Been Moving So Much Bitcoin Lately?
These transfers are part of a series of ongoing movements by Mt. Gox, which has consistently shifted large quantities of Bitcoin in recent months. Earlier in March, on March 6, 2025, the exchange moved another 11,834 BTC.
These transactions are largely believed to be internal transfers, potentially related to restructuring or preparing for future actions. Notably, between November 1 and December 24, 2024, Mt. Gox transferred a significant 8,820 BTC, valued at around $760 million at the time, to the trading firm B2C2 Group.
According to data from Arkham Intelligence, Mt. Gox currently holds a considerable 35,000 Bitcoin, worth approximately $3.1 billion based on current prices, across various wallets under its control.
This remaining balance comes after a period of significant transfers, including the movement of over 23,000 BTC in late 2024, which coincided with Bitcoin’s price reaching an all-time high near $108,000.
Could These Transfers Signal Impending Creditor Payments?
These recent and past Bitcoin transfers have led to increased speculation within the cryptocurrency community that Mt. Gox may be preparing for long-awaited creditor payouts.
Since the exchange’s collapse and subsequent bankruptcy in 2014, creditors have been waiting for compensation for the approximately 850,000 BTC lost in a massive hack.
A Tokyo court appointed a trustee to manage the distribution of Mt. Gox’s remaining assets, with the intention of allowing creditors to receive repayments in Bitcoin. However, the timeline for these payouts has been subject to numerous delays. A recent extension pushed the final deadline for repayments to October 31, 2025, leaving many creditors in a state of anticipation.
How Might Mt. Gox’s Bitcoin Movements Affect the Market?
The ongoing release and movement of these substantial Bitcoin holdings by Mt. Gox is a factor that continues to impact the broader cryptocurrency market. At the time of this report, Bitcoin was trading at $86,775.51, showing a slight decline of 0.12% over the past 24 hours.
According to CoinMarketCap data, the total cryptocurrency market capitalization currently stands at $1.72 trillion, with 19.84 million BTC currently in circulation. Interestingly, despite the slight price dip, Bitcoin’s trading volume has seen a significant surge of 85.12% over the past 24 hours, reaching $33.33 billion.
Related: Mt. Gox Moves $2.4 Billion in BTC Ahead of Creditor Repayment Deadline
This increase in trading volume suggests heightened market activity surrounding Bitcoin, potentially influenced by the Mt. Gox transfers.
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