Mt. Gox moves 10,422 bitcoin worth $739 million to a new wallet as deadline nears

Gox moves 10,422 bitcoin worth $739 million to a new wallet as deadline nears The 04:47 UTC Bitcoin block 952,072 transaction moved coins from Mt. Gox cold storage into a freshly generated address, with a smaller 116-bitcoin slice routed to the defunct exchange's hot wallet.By Shaurya Malwa Jun 2, 2026, 6:15 a.m. 2 min read Make preferred on What to know: Defunct bitcoin exchange Mt. Gox moved 10,422.65 bitcoin worth about $739 million to new wallets on Tuesday, its largest transfer in months ahead of an October 31, 2026 repayment deadline.The split transaction, which sent most of the coins to a previously unseen address, mirrors earlier administrative moves tied to creditor distributions, though none of the bitcoin has yet reached a custodian or exchange.Mt. Gox still holds roughly 34,504 bitcoin valued at $2.43 billion, and any eventual payouts to the roughly 19,500 creditors—many of whom bought before the 2014 collapse—could add selling pressure to a market already under strain.Defunct bitcoin exchange Mt. Gox moved 10,422.65 bitcoin BTC$70,165.30 worth roughly $739 million to a new wallet at 04:47 UTC on Tuesday, marking the largest single transfer in months and its biggest move ahead of the October 31, 2026 deadline to complete creditor repayments.

The transaction, recorded on Bitcoin block 952,072, sent 10,306.35 BTC ($730.78 million) to a previously unseen address starting with 14FEEM, while a smaller 116.30 BTC ($8.25 million) slice routed to Mt. Gox's known hot wallet at 1Jbez, per Arkham Intelligence.

The split pattern mirrors earlier administrative transfers that preceded creditor distributions, though none of the coins has yet been forwarded to a custody provider or exchange.