Jun 2
Is Mt. Gox selling $739 million worth of Bitcoin?
Mt. Gox wallet activity has resumed months after its last major transfer, with over $700 million in BTC changing addresses.
➤ Mt. Gox has moved over $739 million worth of Bitcoin, sparking market concerns about potential selling pressure. ➤ The BTC was transferred to an unmarked wallet, not a known exchange, easing immediate selling fears but leaving the purpose unclear. ➤ The rehabilitation process for Mt. Gox creditors continues with an extended deadline of October 2026, while firms like Strive Asset Management are looking to acquire claims.