TLDR
- Mt. Gox moved 10,423 bitcoin as creditor repayment speculation returned across crypto markets Tuesday morning.
- Arkham data showed most coins went to a new wallet, while smaller transfers followed later.
- The defunct exchange still holds 34,504 BTC, valued near $2.43 billion by Arkham data Tuesday.
- Bitcoin traded near $70,000 after the transfer, and market pressure stayed visible early Tuesday.
- Remaining Mt. Gox repayments face an October 31, 2026 deadline under court-supervised rehabilitation in Japan.
Mt. Gox moved about $739 million worth of bitcoin early Tuesday, according to Arkham Intelligence data cited in reports. The transfer involved 10,423 BTC, and it marked the exchange’s first on-chain movement in two months.
Most of the bitcoin moved from Mt. Gox cold wallets to an unmarked address. Arkham data showed 10,306 BTC went to the address “14FE…c9eq” at around 4:47 a.m. UTC.
🚨 MASSIVE BITCOIN WHALE MOVE.
Mt. Gox just transferred 10,422 BTC worth $739 million to a new wallet. pic.twitter.com/GNd4NxnUo0
— Crypto Rover (@cryptorover) June 2, 2026
The defunct exchange also transferred 116.3 BTC to its hot wallet at the same time. Around 6:46 a.m. UTC, it sent another 116.3 BTC to the address “1A4x…QNj4.”
A small bitcoin amount, worth about $1.19, also moved to a Bitstamp cold wallet. Arkham marked the transferred coins as “unspent” after the transactions.
Creditor Repayment Focus Returns
The transfers brought new attention to Mt. Gox creditor repayments. Large wallet movements from the exchange have often come before distributions to creditors.
No official notice linked Tuesday’s transfers to a new repayment round. The purpose of the two main bitcoin transfers remained unclear in the available data.
Mt. Gox still holds 34,504 BTC across its wallets, according to Arkham data. Those holdings were valued at about $2.43 billion at the reported market price.
The exchange began repaying creditors in July 2024 through partner exchanges. Those platforms included Kraken and Bitstamp, based on earlier trustee updates.
The rehabilitation trustee has said most eligible creditors have already received payments. About 19,500 creditors had received bitcoin and bitcoin cash repayments by March 2025.
Bitcoin Price Falls as Market Tracks Mt. Gox
Bitcoin traded near $70,000 after the Mt. Gox transfer, according to CoinGecko data cited in reports. The price was down about 4% over 24 hours.
The asset had earlier fallen from about $73,000 during a weak market session. Traders were also watching spot bitcoin ETF withdrawals and other selling activity.
Reports said spot ETF outflows reached $484 million and extended an 11-day withdrawal run. Strategy also sold 32 BTC, which added to market pressure.
The final Mt. Gox repayment deadline remains October 31, 2026. The date followed several extensions from the original October 31, 2023 deadline.
The trustee has said remaining payments will be completed as reasonably practicable. Court approval is still part of the rehabilitation process.
Mt. Gox was once the world’s largest bitcoin exchange. It handled about 70% of global bitcoin trades in 2013.
The Tokyo-based platform collapsed in 2014 after losing about 850,000 BTC in a hack. Its long rehabilitation process remains closely watched by creditors and bitcoin traders.
