Mt.Gox Transfers Over $1 Billion in Bitcoin to Unknown Address

On March 6, the bankrupt exchange Mt.Gox transferred 11,834 BTC ($1.1 billion) to an unknown wallet: “1Mo1…9gR9”, according to data from Arkham Intelligence.

Mt. Gox just transferred 166.5 $BTC($15.05M) again, probably to #BitGo.https://t.co/Szb0IPe5slhttps://t.co/9KFOv9tjay pic.twitter.com/VQ2UNlIyIr

— Lookonchain (@lookonchain) March 6, 2025

This marks the first major transaction by the platform since late January.

Around the same time, Mt.Gox also transferred 166.5 BTC ($15.05 million) to its cold wallet “1Jbez”.

Wallets tracked by Arkham hold 36,008 BTC valued at $3.33 billion.

Despite the movement of a large batch of digital gold, its price rose by 4.8% over the past day to $91,683, pulling the rest of the market upwards, according to CoinGecko.

In May 2024, Mt.Gox began moving bitcoins for the first time in five years. At that time, the transaction amounts exceeded $9 billion.

Previously, the management of the bitcoin exchange postponed the compensation date from October 31, 2024, to October 31, 2025.