Mt. Gox Moves $2.8B in Bitcoin During Bitcoin’s Rise Above $100K.

Mt. Gox, the infamous collapsed crypto exchange, sparked fresh intrigue in the market on Thursday by moving 27,871 BTC, valued at $2.8 billion, to an unidentified wallet, coinciding with Bitcoin’s unprecedented rise above $100,000.

Data from Arkham Intelligence revealed that a Mt. Gox-linked address (1FHOD) conducted the transfer to a new address (1N7jWmv63mkMdsYzbNUVHbEYDQfcq1u8Yp), leaving 39,878 BTC, worth over $4 billion, still in its reserves. The movement comes just weeks after a smaller transfer of 2,500 BTC, further fueling speculation on social media.

Market observers believe these transactions are tied to creditor repayments, which were delayed until October 2025 after a formal announcement in October. Such large-scale transfers have historically raised concerns about potential market impacts, especially during Bitcoin’s ongoing rally.

However, Bitcoin remains unshaken by the development, holding steady above $103,000, as robust demand continues to absorb liquidity, CoinDesk data shows. The market’s resilience signals growing confidence even amid significant on-chain activity.