{"id":33665,"date":"2024-12-17T14:30:26","date_gmt":"2024-12-17T11:30:26","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=33665"},"modified":"2024-12-17T13:11:48","modified_gmt":"2024-12-17T10:11:48","slug":"mt-gox-transfers-172-5m-in-bitcoin-amid-historic-price-levels","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/mt-gox-transfers-172-5m-in-bitcoin-amid-historic-price-levels\/","title":{"rendered":"Mt. Gox Transfers $172.5M in Bitcoin Amid Historic Price Levels"},"content":{"rendered":"<p>The <strong>defunct crypto exchange Mt. Gox<\/strong>, which declared <strong>bankruptcy in 2014<\/strong>, moved approximately <strong>$172.5 million worth of Bitcoin<\/strong> (around <strong>1,620 BTC<\/strong>) to <strong>unknown wallets<\/strong> on <strong>December 17<\/strong>. This transfer coincided with Bitcoin&#8217;s surge past the <strong>$107,000 mark<\/strong>.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/mt-gox-transfers-172-5m-in-bitcoin-amid-historic-price-levels\/#Key_Details_of_the_Transfer\" title=\"Key Details of the Transfer\">Key Details of the Transfer<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/mt-gox-transfers-172-5m-in-bitcoin-amid-historic-price-levels\/#Bitcoin_Holdings_and_Creditor_Payments\" title=\"Bitcoin Holdings and Creditor Payments\">Bitcoin Holdings and Creditor Payments<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/mt-gox-transfers-172-5m-in-bitcoin-amid-historic-price-levels\/#Market_Impact\" title=\"Market Impact\">Market Impact<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Details_of_the_Transfer\"><\/span>Key Details of the Transfer<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>According to <strong>Arkham Intelligence<\/strong>, the transferred <strong>Bitcoin<\/strong> was split across <strong>two addresses<\/strong>: A portion of <strong>1,427.9 BTC<\/strong> was routed through multiple wallets and ultimately reached a wallet beginning with <strong>&#8220;1DeY&#8221;<\/strong>. Meanwhile, <strong>191.7 BTC<\/strong> and another <strong>108 BTC<\/strong> moved through various addresses before accumulating in a wallet starting with <strong>&#8220;1KLr&#8221;<\/strong>, which now holds a total of <strong>300 BTC<\/strong>.<\/p>\n<p>This activity follows a <strong>similar transfer on December 5<\/strong>, when Mt. Gox moved <strong>24,000 BTC<\/strong> (worth <strong>$2.5 billion<\/strong> at the time) to an unknown address, just as Bitcoin crossed the <strong>$100,000 threshold<\/strong> for the first time.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bitcoin_Holdings_and_Creditor_Payments\"><\/span>Bitcoin Holdings and Creditor Payments<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Arkham Intelligence data reveals Mt. Gox still holds <strong>36,085 BTC<\/strong>, valued at approximately <strong>$3.86 billion<\/strong> at current prices. Mt. Gox creditors are eligible to receive their repayments in <strong>Bitcoin<\/strong>, but the repayment deadline was extended in <strong>October 2023<\/strong> to <strong>October 31, 2025<\/strong>. The delay stems from <strong>many creditors failing to complete the necessary repayment procedures<\/strong>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_Impact\"><\/span>Market Impact<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Historically, large transfers from <strong>Mt. Gox wallets<\/strong> trigger concerns of <strong>selling pressure<\/strong> in the market. However, this latest movement had <strong>no apparent effect<\/strong> on Bitcoin&#8217;s price.<\/p>\n<p>As of <strong>December 16<\/strong>, Bitcoin remained stable around <strong>$106,500<\/strong>, briefly reaching a new peak of <strong>$107,857<\/strong>. Despite its collapse in 2014, <strong>Mt. Gox still holds significant Bitcoin reserves<\/strong>, and any movement of these funds remains closely watched by market participants.<\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The defunct crypto exchange Mt. Gox, which declared bankruptcy in 2014, moved approximately $172.5 million worth of Bitcoin (around 1,620 BTC) to unknown wallets on December 17. This transfer coincided with Bitcoin&#8217;s surge past the $107,000 mark. Key Details of the Transfer According to Arkham Intelligence, the transferred Bitcoin was split across two addresses: A<\/p>\n","protected":false},"author":28,"featured_media":31942,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,2],"tags":[10171,10172,7182,61,60,10170,10169,6966,566,10165],"class_list":["post-33665","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-news","tag-107k","tag-2025-deadline","tag-arkham-intelligence","tag-bitcoin","tag-btc","tag-creditor-payments","tag-crypto-transfers","tag-market-impact","tag-mt-gox","tag-repayments"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mt. 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