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

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 $ 70,165.30 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.