The transfer volume saw a decrease to 200 BTC on December 20 and 23, valued at approximately $19.4 million each day, with a notable transfer of 131.87 BTC worth $12.4 million occurring on December 24.

The highest daily transfers took place from December 16 to 19, coinciding with Bitcoin's all-time high of $108,300, with values ranging from $30.1 million to $31.9 million.

Experts believe that the recent transfers align with Mt. Gox's ongoing efforts to reimburse creditors without negatively impacting the broader Bitcoin market.

In December 2024, Mt. Gox transferred $364.4 million worth of cryptocurrency to B2C2 Group, reigniting discussions about creditor reimbursements following its 2014 collapse.

Although Mt. Gox has not publicly commented on these transactions, the data suggests a continuation of efforts to resolve its complex history in the cryptocurrency space.

Analysts warn of potential selling pressure from creditors but believe that market liquidity can absorb these transactions without major disruption, as the total Bitcoin owed is less than 1% of the total supply.

Since Bitcoin surpassed $100,000 on December 5, 2024, blockchain analytics firm Lookonchain has reported that Mt. Gox has been transferring between 200 and 300 BTC daily to B2C2 on weekdays.

Market analysts suggest that these transactions are part of Mt. Gox's strategy to reimburse creditors, with B2C2 facilitating these payouts since the repayment efforts began in July 2024.

B2C2, a leading crypto market maker and liquidity provider known for its strong presence in Japan and the UK, was acquired by SBI Financial Services in December 2020.

The bankruptcy estate originally held 138,985 BTC, valued at $7.5 billion, but current data indicates it now holds 36,085 BTC, worth about $3.47 billion, signaling that the repayment process is underway.

In November 2024, Mt. Gox distributed BTC worth approximately $2.2 billion to external addresses, confirming significant progress in repaying its creditors.

Despite the ongoing transfers, Mt. Gox retains a substantial reserve of 36,085 BTC, valued at approximately $3.4 billion based on current market prices.