Mt. Gox Moves $956M Worth of BTC As Prices Tank

Mt. Gox, the former cryptocurrency exchange, recently transferred approximately 10,608 BTC, valued at $950 million, to new wallet addresses as Bitcoin prices continue to decline. The transfer occurred late on November 17, 2025, with a large portion sent to an unidentified address and a smaller amount returned to Mt. Gox's hot wallet. This significant move comes amid speculation about potential repayments to creditors who lost funds during the exchange's collapse in 2014. Mt. Gox still retains around 34,689 BTC, worth nearly $3.1 billion. The recent transfer has stirred concerns about increased selling pressure on the market given the ongoing downturn, with BTC prices hitting seven-month lows near $90,000. Although it is not confirmed if this transfer is directly linked to creditor reimbursements, similar previous moves by Mt. Gox have historically indicated such actions. The exchange's repayment efforts had begun last year following its bankruptcy due to a major hack in 2014, during which approximately 850,000 BTC were lost.

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