Mt. Gox moves 10,422 bitcoin worth $739 million to a new wallet as deadline nears

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Mt. Gox moves 10,422 bitcoin worth $739 million to a new wallet as deadline nears The 04:47 UTC Bitcoin block 952,072 transaction moved coins from Mt. Gox cold storage into a freshly generated address, with a smaller 116-bitcoin slice routed to the defunct exchange's hot wallet. By Shaurya Malwa Jun 2, 2026, 6:15 a.m. 2 min read Make preferred on What to know : Defunct bitcoin exchange Mt. Gox moved 10,422.65 bitcoin worth about $739 million to new wallets on Tuesday, its largest transfer in months ahead of an October 31, 2026 repayment deadline. The split transaction, which sent most of the coins to a previously unseen address, mirrors earlier administrative moves tied to creditor distributions, though none of the bitcoin has yet reached a custodian or exchange. Mt. Gox still holds roughly 34,504 bitcoin valued at $2.43 billion, and any eventual payouts to the roughly 19,500 creditors—many of whom bought before the 2014 collapse—could add selling pressure to a market already under strain. Defunct bitcoin exchange Mt. Gox moved 10,422.65 bitcoin BTC $ 70,265.18 worth roughly $739 million to a new wallet at 04:47 UTC on Tuesday, marking the largest single transfer in months and its biggest move ahead of the October 31, 2026 deadline to complete creditor repayments. The transaction, recorded on Bitcoin block 952,072, sent 10,306.35 BTC ($730.78 million) to a previously unseen address starting with 14FEEM, while a smaller 116.30 BTC ($8.25 million) slice routed to Mt. Gox's known hot wallet at 1Jbez, per Arkham Intelligence . The split pattern mirrors earlier administrative transfers that preceded creditor distributions, though none of the coins has yet been forwarded to a custody provider or exchange. Mt. Gox still holds roughly 34,504 BTC valued at $2.43 billion, the largest unresolved holding tied to any failed crypto exchange. Repayments officially began in mid-2024 and around 19,500 creditors have received funds, though trustee Nobuaki Kobayashi has pushed back the final deadline twice. The most recent extension, approved by a Tokyo court in October 2025, moved the deadline from October 31, 2025 to October 31, 2026, with the trustee citing incomplete creditor procedures and pending processing issues. The movement comes during a sharp bitcoin slide that has taken BTC below $71,000 for the first time in weeks, with Strategy's first publicized bitcoin sale, a record 10-session spot ETF outflow streak, and stalled U.S.-Iran ceasefire talks all weighing on the market. Mt. Gox creditor coins were largely acquired before the 2014 collapse, meaning any distribution would meet sellers ready to realize substantial gains at current prices. More For You Bitcoin slide to $70,000 as stocks pause and Strategy's BTC sale weighs on crypto By Shaurya Malwa 1 hour ago BTC fell 3.4% in 24 hours to below $71,000, the lowest level in weeks, as Monday's 8-K filing disclosing Strategy's first publicized bitcoin sale continued to weigh. What to know : Bitcoin fell below $71,000, extending a weeklong slide as markets digested Strategy’s first disclosed bitcoin sale and broader risk assets paused near record highs. Strategy sold 32 bitcoins for $2.5 million to fund preferred stock distributions, a move seen as symbolically important even though it is small relative to the... Read full story Latest Crypto News Bitcoin slide to $70,000 as stocks pause and Strategy's BTC sale weighs on crypto 1 hour ago Strategy sold bitcoin in late May, and told the market in June. Here's how Polymarket bettors are fighting over when it counts. 1 hour ago Crypto investment firm Keyrock is acquiring bankrupt lender Blockfills 9 hours ago Crypto funds suffer second-largest outflows of 2026 while XRP and HYPE attract inflows 12 hours ago Saylor's Strategy sold bitcoin for the first time since 2022. These firms are still buying 13 hours ago It's not 2022 anymore: What Strategy's first bitcoin sale can (and can't) tell us about this one 13 hours ago Top Stories Strategy sparks panic with bitcoin sale, but analysts say it was 'immaterial' 14 hours ago Michael Saylor breaks silence after Strategy sells $2.5 million in bitcoin 14 hours ago Strategy’s bitcoin sale sparks a $14 million betting chaos on Polymarket 15 hours ago Bitmine slows ether purchase pace, buying $53 million worth last week 17 hours ago Whitehat developer unlocks $2 million stuck in a 2016 Ethereum ICO contract for nine years 23 hours ago In this article BTC BTC $ 70,265.18 ◢ 3.80 %