Categories: MarketsMenafn

Bitstamp Receives $75M in Mt. Gox BTC

Defunct Japanese Bitcoin exchange Mt. Gox has moved $75.36 million worth of Bitcoin (BTC) to Bitstamp.

Accordingly, many market players anticipate that the Bitstamp movement is a preparation for another payout to creditors. Data from Arkham Intelligence showed that the defunct exchange shifted 1264.69 BTC from its cold wallet to a Bitstamp wallet address on Aug. 21. Observers see the move as part of Mt. Gox’s preparation towards another payout to creditors following the exchange’s unexpected crash over a decade ago.

Mt. Gox’s Latest BTC movement. | Source: Arkham Intelligence

Mt. Gox Resumes Bitcoin Transfers

According to the data from Arkham, a large BTC transaction from another Mt. Gox wallet with the description “1MUQE…5SXZZ” was received by Mt. Gox’s cold wallet last night. 12,000 BTC, valued at almost $709.5 million, was sent to an unidentified address in this transaction.

Bitstamp, one of the centralized exchanges selected by the Mt. Gox trustee, has been facilitating these BTC repayments. Other exchanges, such as Kraken, have also processed payouts to creditors as the repayments continue.

Mt. Gox’s Remaining BTC Holdings

After the previous repayments, the defunct crypto exchange still holds a significant chunk of its BTC assets. On-chain data shows that Mt. Gox possesses 46,164 BTC, which is worth around $2.7 billion.

This trend suggests that additional repayments could still happen after the trustee completes the distribution procedure. What is remarkable is that a large number of Mt. Gox creditors are going against what the market anticipated by holding onto their repurchased BTCs instead of selling them right away.  

This behavior implies a long-term outlook, possibly signifying that they continue to see promise for the cryptocurrency. Mt. Gox, a Bitcoin exchange established in 2010, was previously one of the largest digital asset platforms.

However, it became defunct four years later following a significant hack that led to the loss of 850,000 BTC—years of legal action followed the platform’s demise as creditors attempted to recoup their lost assets.

Jerry Rolon

After working for 7 years as a Internet Marketer, Jerry now aims to explore the journalistic side of Internet. With his impeccable knowledge in this domain, he churns out some of the best news articles from the internet niche. With respect to acedamics, Jerry earned a degree in business from California State University.

Recent Posts

Japan Launches Yen-Pegged Stablecoin Under New Regulations

Japan introduced its first yen-pegged stablecoin under domestic regulations on October 27, 2025, as startup…

1 day ago

Payments MCP: Coinbase links AI agents to crypto via x402

Coinbase has launched Payments MCP, a Model Context Protocol implementation that gives AI agents access…

5 days ago

Agrifi AGF Token Transforms DeFi with Real Farmland Utility and On-Chain Yields

Estonia, 22nd October 2025, ZEX PR WIRE, AgriFi, a blockchain-powered agricultural finance protocol, is redefining…

6 days ago

Ride the Festive Wave: From London to Manchester’s Christmas Markets with Global Airport Taxi

Manchester Christmas Markets — The Beating Heart of Britain’s Festive Season London, UK, 21st October…

6 days ago

Travel Smarter: Sky Bridge Cars Sets a New Benchmark for Heathrow Taxi Excellence

London, UK, 21st October 2025, ZEX PR WIRE, For millions of passengers travelling through Heathrow…

6 days ago

Top ICO 2025: IONIX Chain is the Best Crypto Presale for the Next 1000x Gains

Dubai, UAE, 21st October 2025, ZEX PR WIRE, In a year that’s already shaping up…

6 days ago