With Payout Deadline Approaching, Mt. Gox Transfers $930M in Bitcoin

Mt. Gox Shifts $930M in Bitcoin as Creditor Payouts Near

The long-dormant Bitcoin (BTC) reserves of Mt. Gox are on the move again, sparking renewed speculation about creditor repayments ahead of the October deadline.

On Tuesday, a wallet associated with the collapsed exchange transferred 11,834 BTC—worth approximately $930 million—to multiple addresses, according to blockchain analytics firm Arkham Intelligence. Around $26 million of that sum landed in an “operations wallet,” potentially earmarked for distribution to creditors, while the rest was sent to a “change wallet.”

This latest movement follows last week’s internal transfer of $1 billion in BTC, as well as a $15 million transaction to BitGo, a custody service involved in the repayment process.

Mt. Gox, which shut down in 2014 after a massive hack, has been slowly working toward compensating creditors who have waited more than a decade for their funds. In 2024, initial repayments caused volatility in Bitcoin’s price, prompting fears of large-scale sell-offs. While the final repayment deadline was extended to October 31, 2025, traders remain wary of potential market pressure as more BTC moves in preparation for distributions.

At present, Mt. Gox-linked wallets still hold roughly $2.9 billion in BTC, according to Arkham data. Analysts will be closely watching further transactions in the coming months for clues about the repayment timeline and its potential impact on the market.

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