Mt. Gox Shifts $1 Billion in Bitcoin Across Two Wallets

Defunct Japanese crypto exchange Mt. Gox made headlines again early Tuesday, moving over $1 billion in Bitcoin (BTC) across two wallets, according to on-chain tracking platform Arkham Intelligence.

The exchange’s address transferred 893 BTC ($78.11M) to its hot wallet (1Jbez) and 10,608 BTC ($927.48M) to a change wallet (1DcoA) during early Asian trading hours, when BTC was trading above $87,000.

This marks Mt. Gox’s third major BTC transfer in four weeks—following $900 million moved on March 11 and over $1 billion on March 6. Despite these large movements, the BTC spot price has remained stable, unlike mid-2023, when similar transfers triggered liquidation fears and price volatility.

The extended creditor repayment deadline to October 31, 2025, may be easing market concerns, as the exchange continues its verification and processing of claims.$BTC