Mt. Gox currently holds around 44,900 BTC, valued at approximately $3.11 billion.
On November 1, the defunct exchange transferred 500 BTC, worth $35.04 million, to multiple unknown addresses. According to Arkham Intelligence, this transaction moved BTC from Mt. Gox’s cold wallet to an address starting with “12cTj” at 00:42 UTC. Crypto analyst Ember CN noted that it remains unclear if this signals the start of a new compensation round.
Arkham Intelligence also reports that around 44,900 BTC, worth $3.11 billion, remains in the Mt. Gox wallet, awaiting further distribution. Following this transfer, two additional transactions of 31.78 BTC and 468.24 BTC were recorded to undisclosed addresses, marking the first substantial movements from these wallets in a month.
Earlier reports indicated that Mt. Gox moved Bitcoin worth over $855 million to unknown addresses in August, including two large transfers: one valued at $74 million directed to a known cold storage wallet, and another for $784.2 million sent to an undisclosed wallet. In July, Mt. Gox transferred $2.5 billion in Bitcoin, with approximately 59,000 BTC from the recovered 142,000 BTC distributed to creditors via Kraken and Bitstamp.
The Rehabilitation Trustee recently extended the deadline for creditor repayments to October 31, 2025, citing incomplete repayment procedures by some creditors. The Mt. Gox repayment process and Bitcoin liquidations have sparked concerns over potential impacts on Bitcoin’s spot price. Following a recent peak of $73,295 on October 30, Bitcoin has since corrected by 5.5%, briefly dipping to $69,000.
