On March 11, Mt. Gox conducted a massive Bitcoin transfer worth over $930 million, marking the second significant BTC transaction in just a week as Bitcoin's price dipped to a four-month low of $76,784. The exchange moved 11,833 Bitcoin, with 11,501 Bitcoin valued at $905.1 million directed to a new wallet and 332 Bitcoin worth $26.1 million transferred to a warm wallet, as indicated by data from blockchain analytics firms Lookonchain and Arkham Intelligence. This transfer occurred shortly after another transaction exceeding $1 billion on March 6. Interestingly, the market also experienced a 2.4% drop in Bitcoin price during the same time frame. Despite temporary fluctuations, Bitcoin managed to recover to $79,275 shortly after the transfer. Currently, Mt. Gox holds approximately 24,411 Bitcoin, valued at about $1.94 billion. The exchange aims to fully repay its creditors by October 31, 2025, following its infamous collapse due to a major hack that occurred between 2010 and 2014.

Source đź”—