Mt. Gox Transfers $1 Billion in Bitcoin Amid Creditor Payout Preparations
March 25, 2025
Following the initial payout in July 2024, many creditors expressed reluctance to sell their Bitcoin payouts, as indicated by a Reddit poll.
There is speculation that the latest transfer may be an internal wallet shuffle rather than directly related to creditor distributions.
The recent transfer suggests that Mt. Gox may be preparing for creditor payouts ahead of the extended deadline of October 31, 2025.
The repayment deadline for creditors has been postponed to October 31, 2025, due to ongoing verification and processing tasks.
A Tokyo court has appointed a trustee to oversee the bankruptcy proceedings and manage the compensation process for creditors, which has faced delays due to incomplete procedures.
Market analysts are optimistic about Bitcoin's potential price breakout, with some projections suggesting it could reach up to $95,000.
On March 25, 2025, the bankrupt exchange Mt. Gox executed a significant transfer of 11,501 Bitcoin, valued at approximately $1.01 billion, marking its third major transaction this month.
This transfer included 893 Bitcoins sent to a hot crypto wallet and 10,608 Bitcoins directed to a change wallet, as reported by Arkham Intelligence.
Historically, large transfers from Mt. Gox have influenced Bitcoin market prices; however, recent transactions have had minimal impact, with Bitcoin trading around $86,756.
On the same day, the Bhutan government transferred $63 million worth of Bitcoin to three wallets, highlighting its significant investment in cryptocurrency.
The transfer coincided with Bitcoin's price nearing $89,000 before closing at approximately $87,000.
Mt. Gox, once the largest Bitcoin exchange, began its repayment process in July 2024 after its collapse, with trustees extending the repayment period by one year.
Summary based on 10 sources
Get a daily email with more Crypto stories
Sources

Cointelegraph • Mar 25, 2025
Mt. Gox transfers $1B in Bitcoin in third major BTC move this month
Cointelegraph • Mar 25, 2025
Mt. Gox transfers $1B in Bitcoin in third major BTC move this month
Crypto Briefing • Mar 25, 2025
Mt. Gox moves 11,502 Bitcoin as price surges above $87,000
BeInCrypto • Mar 25, 2025
Mt. Gox Moves $1 Billion in Bitcoin, Marking Third Major Transfer in March