Mt. Gox Makes Third Major Bitcoin Transfer This Month, Still Holds $3B in BTC
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Mt. Gox, the defunct crypto exchange, transferred 11,501 BTC ($1.01 billion) to various wallets, marking its third major transfer this month. Despite these movements, the exchange still holds 35,583 BTC valued at $3 billion. The transfers have fueled speculation about upcoming creditor repayments, with the deadline extended to October 31, 2025.
March 25, 2025 | 11:45 am
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NEUTRAL IMPACT
Large Mt. Gox Bitcoin transfers have shown minimal market impact, with Bitcoin price surging to $87,000 during the transaction.
While large Bitcoin transfers typically cause market volatility, these Mt. Gox movements have not significantly impacted Bitcoin's price, suggesting market maturity and investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100