Bankrupt crypto exchange Mt. Gox has transferred 11,501 Bitcoin—worth nearly $1 billion—in its third major movement this month, raising speculation that creditor payouts may soon begin.

The transfer was flagged by Arkham Intelligence on March 25. According to their data, 893 BTC (about $78 million) were sent to a Mt. Gox cold wallet, while a much larger chunk—10,608 BTC valued at $929 million—was moved to a different Mt. Gox change wallet. This comes after two earlier transfers of 12,000 BTC and 11,833 BTC earlier in March.

Spot On Chain, another blockchain analytics platform, noted that one of the earlier BTC batches was deposited to Bitstamp. The firm also predicts the newly moved BTC may be sent out shortly, suggesting active preparations for distribution.

Mt. Gox still holds approximately 35,000 BTC, valued at over $3.1 billion. These movements are fueling speculation that creditor repayments could finally be close, especially since creditors can choose to receive their compensation in Bitcoin. However, a Reddit poll from July 2024 suggested most creditors are not planning to sell their BTC immediately after receiving it.

Mt. Gox collapsed in 2014 after losing 850,000 BTC in one of the largest hacks in crypto history. Once the world’s top Bitcoin exchange, it was handling up to 80% of global trades before its downfall.

A Tokyo court appointed a trustee to oversee the repayment process, which has faced several delays. The latest deadline for repayments is now set for October 31, 2025, due to incomplete creditor procedures.

In December, Mt. Gox also moved 24,000 BTC—worth nearly $2.5 billion—triggering renewed attention as Bitcoin crossed the $100,000 mark.