Mt. Gox Moves 10,422 Bitcoin While Bitcoin Price Craters Below $69,000

Mt. Gox has moved 10,422 bitcoin worth about $739 million, marking its largest transfer in months as the deadline for creditor repayments approaches in October 2026.

Blockchain data from Arkham Intelligence shows the transfer took place in Bitcoin block 952,072 at 04:47 UTC on June 2. Of the total, 10,306 BTC was sent to a new address with no prior transaction history, while 116 BTC was routed to a known Mt. Gox hot wallet. 

A later transaction moved another 116 BTC to a separate address, along with a small test transfer to a Bitstamp cold wallet.

The structure of the transfer mirrors earlier movements tied to administrative preparation for creditor payouts. In past cases, similar…

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