Mt. Gox Moves $936M in BTC as Repayment Deadline Extends to 2026

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Key Highlights

  • Mt. Gox finally decided to wake up and moved $936M in Bitcoin after snoozing for eight months. Could it be preparing for those long-awaited creditor repayments?
  • The exchange, still making us wait (again), extended its repayment deadline to October 31, 2026, because why not? This is the third delay, by the way, in case you lost track.
  • Bitcoin drops below $90,000, thanks to long-term holders getting nervous and ETFs running for the hills. Mt. Gox doesn’t help with all this market drama.

Oh, Mt. Gox – that once-mighty titan of Bitcoin exchanges that crashed harder than your Wi-Fi during a Zoom call – is back in the spotlight! After eight long months of silence, it’s finally moved a cool $936 million worth of Bitcoin (that’s 10,423 BTC, if you’re into numbers). It’s like waking up from a coma and immediately starting a marathon.

This sudden action? Well, it comes right as the trusty trustee (yes, we trust him) extends the repayment deadline again to 2026. Because, you know, giving people their money back is soooo 2014. One more year of suspense, folks!

After 8 months of inactivity, Mt. Gox just transferred 10,423 $BTC($936M) to a new wallet.

– Lookonchain (@lookonchain) November 18, 2025

Bitcoin’s not exactly having a good time either. It slipped below $90,000 – its lowest point since April – as long-term holders decided to sell off their stash. Thanks, Mt. Gox, for the added market panic!

Let’s face it, Mt. Gox’s every move tends to send the market into a full-on panic attack. And this latest transaction? Just added another layer of uncertainty to an already shaky market.

Mt. Gox’s on-chain activity signals preparation for next payouts

It seems Mt. Gox is gearing up to repay creditors after almost a decade. This isn’t just a random Bitcoin shuffle; it’s more like a slow-motion disaster movie. The BTC that just got moved? It’s probably getting ready for the next round of payouts. Nothing like a little suspense to keep the creditors on their toes!

The ever-patient trustee, Nobuaki Kobayashi, assures us that some of the repayments are sort of done, but technical issues and incomplete verifications have delayed the rest. So, let’s all just keep waiting – it’s only been, what, a decade?

With the deadline now pushed to 2026 (third time’s a charm, right?), you can expect this saga to drag on for a while.

A decade-long road to repayment

Remember when Mt. Gox was handling 70% of the world’s Bitcoin trading? Those were the days before a hacker took a massive chunk of BTC, causing one of crypto’s most spectacular crashes. The exchange’s downfall left its creditors in limbo, waiting and waiting… and waiting. What a thrill!

After years of legal drama, the trustee reported in 2023 that about 142,000 BTC, 143,000 Bitcoin Cash (BCH), and ¥69 billion in cash had been recovered. It’s almost like a treasure hunt, only with less treasure and more waiting.

In 2024, repayments started via exchanges like Kraken and Bitstamp. By March 2025, about 19,500 creditors will get their long-lost Bitcoin and Bitcoin Cash. At least that’s something to look forward to.

And don’t forget, Mt. Gox still has 34,689 BTC in its vault, worth a jaw-dropping $3.12 billion. These will be part of the next round of repayments. Can’t wait to see what happens next in this never-ending drama!

Why this matters for the market

Every time Mt. Gox makes a move, the crypto world holds its breath. Traders start guessing whether those BTC will flood the market and send prices plummeting. With Bitcoin already feeling the heat from decreasing accumulation and ETF outflows, this new transfer is adding more fuel to the fire.

As the process drags on into 2026, thousands of creditors – many of whom have been waiting since 2014 – are clinging to the hope that the next round of repayments will finally bring closure. It’s like waiting for the finale of a reality show that’s been on air for a decade. Will they get paid? Tune in next time…

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2025-11-18 11:40