A wallet associated with the bankrupt exchange Mt.Gox has transferred 10,608 BTC, valued at over $953 million, to a new address. This marks the first major transaction in the past eight months.
Previously, Mt.Gox postponed payments to creditors until October 31, 2026. Representatives of the platform explained the delay was due to incomplete procedures.
According to Arkham, this is also the first movement of funds exceeding $1 million since March 25. The platform’s wallets still hold 34,689 BTC, valued at approximately $3.17 billion at the time of writing.
Some market participants speculated that the transfer might be a prelude to asset sales, which could increase pressure on the sector.
“Mt.Gox just moved over $900 million in Bitcoin, likely preparing to offload it,” wrote financial analyst Jacob King.
However, the wallet that received the funds has yet to send coins to centralized exchanges. Such a move would be a clearer indication of a forthcoming sale.
Mt.Gox was once the largest Bitcoin exchange, handling over 70% of all transactions in the leading cryptocurrency at its peak in 2010. In 2014, the platform collapsed following a hack that resulted in the loss of 850,000 BTC. Since then, efforts have been ongoing to return assets to creditors.
Back in May 2025, Strive Asset Management announced its intention to purchase claims for 75,000 BTC from Mt.Gox.