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Mt. Gox Moves $739 Million in Bitcoin to a New Address

Mt. Gox Moves $739 Million in Bitcoin to a New Address

Mt. Gox later sent about 116.3 BTC, worth roughly $8.25 million, to Bitstamp after shifting 10,422-10,423 BTC and routing 116 BTC to a hot wallet, renewing scrutiny of creditor repayments due by October 31, 2026.

BTC

Fact Check
Two independent crypto news outlets (CoinDesk and CryptoBriefing) confirm the core facts: Mt. Gox moved ~10,422 BTC on June 2, 2026, with a split sending ~10,306 BTC to a newly generated address and 116 BTC to its hot wallet, both citing the same Arkham Intelligence transaction hash. The $739M figure matches CoinDesk exactly; CryptoBriefing's $731M differs only due to BTC price fluctuation at time of valuation, consistent with the claim's acknowledgement that reports differ on transfer size.
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Summary

Mt. Gox moved about 10,422 BTC worth roughly $739 million on June 2, with Arkham Intelligence data showing 10,306 BTC sent to a new address and 116 BTC routed to a known Mt. Gox hot wallet. Subsequent reporting cited by Odaily and analyst EmberCN said about 116.3 BTC, worth around $8.25 million, was then transferred to Bitstamp, completing movement of the smaller tranche. The activity came as Bitcoin fell below $69,000 and revived market attention on Mt. Gox creditor repayments, although earlier on-chain data suggested the bulk transfer had not reached exchange order books and exchange inflow metrics remained stable at that stage. Mt. Gox still controls about 34,504 BTC according to the latest cited figures, and the final repayment deadline remains October 31, 2026.

Terms & Concepts
  • BTC: The ticker symbol for Bitcoin, the largest cryptocurrency by market capitalization.
  • Hot wallet: An internet-connected crypto wallet used for routine transfers and quicker access to funds.
  • Bitstamp: A cryptocurrency exchange platform that has been referenced as a partner in some Mt. Gox creditor distributions.