#MtGoxTransfers #btc #smartxmoney

On March 6, 2025, Mt. Gox, the bankrupt cryptocurrency exchange, transferred over 12,000 BTC (valued at approximately $1.09 billion) to a new wallet address, including 11,833.6 BTC from its cold wallet. This could be part of preparations for creditor repayments, with an additional 166.5 BTC sent to BitGo as a possible test transfer, though no official statement has confirmed the intent. Despite the significant movement, the market response has been muted, with Bitcoin prices hovering near $90,000, reflecting a shift from past fears of massive sell-offs. The transfers follow a pattern of activity tied to Mt. Gox’s ongoing liquidation process, with the repayment deadline previously extended to October 31, 2025, leaving uncertainty about whether these funds will be distributed soon or held longer.