📉 Mt. Gox Moves $739M in Bitcoin After Months of Inactivity Mt. Gox, the Japanese exchange that collapsed in 2014, executed a significant on-chain transfer on June 2, 2026, following several months of dormancy. The platform moved approximately $739 million in Bitcoin from its cold wallets, drawing renewed attention to the ongoing creditor repayment process. On-chain data shows that the main transfer involved 10,306 BTC sent to an unidentified address. Additionally, 116.3 BTC (around $8.25 million) were moved to a hot wallet under the exchange’s control. None of the funds have been sent to exchanges for immediate liquidation, reducing the likelihood of an abrupt market impact. Mt. Gox still holds roughly 34,504 BTC in custody, valued at approximately $2.41 billion. The repayment process to creditors began in July 2024 but has experienced multiple delays. The court-appointed trustee set October 31, 2026, as the final deadline to complete all outstanding distributions. The transfer also coincided with a bearish context for Bitcoin, which dropped below $70,000 amid geopolitical tensions and recent sales by companies such as Strategy and ProCap Financial. While the move appears largely internal, it has sparked speculation about potential new distributions to historic creditors of the exchange. Disclaimer: This information is based on on-chain data and public reports. It does not constitute financial or investment advice.