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Mt. Gox Moves $956M Worth of BTC as Prices Tank
The latest on-chain move comes as BTC's spot price continues to slide.
Updated Nov 18, 2025, 9:26 a.m. Published Nov 18, 2025, 5:59 a.m.
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What to know:
- Mt. Gox moved approximately 10,608 BTC, valued at $950 million, to a new wallet address on Monday.
- Mt. Gox still holds about 34,689 BTC, worth nearly $3.1 billion, across various wallets.
The long-defunct Mt. Gox exchange initiated a significant bitcoin move on-chain Monday, transferring approximately 10,608 BTC, worth $950 million, to new wallet address, according to data from blockchain analytics firm Arkham Intelligence.
The transfer unfolded at approximately 11:40 p.m. ET, with around 10,422 BTC sent to an unidentified address labeled “1ANkD...ojwyt,” while a smaller portion of roughly 185.5 BTC was routed back to Mt. Gox’s own hot wallet.
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Historically, such sizeable BTC movements by Mt. Gox have typically presaged repayments to creditors who lost funds during the exchange’s collapse in 2014.
Although it is not yet clear if the recent transfer is directly connected to creditor reimbursements, the timing is particularly unfortunate, given the ongoing downtrend in BTC that has seen prices slide under $90,000. This on-chain movement may have added to market speculation about imminent repayments to creditors and the potential sell-offs that might follow.
Mt. Gox suffered a hack in early 2014, losing approximately 850,000 BTC, which forced the company into bankruptcy. Repayment efforts commenced last year with a deadline for claimants in 2026. The exchange still retains about 34,689 BTC, worth nearly $3.1 billion, across various wallets, as per Arkham data.
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Michael Saylor's Strategy purchased $168 million in bitcoin last week
The company's stack is now 717,131 bitcoin acquired for $54.52 billion, or $76,027 per coin. Bitcoin's current price is $68,000.
What to know:
- Strategy (MSTR) added 2,486 bitcoin for $168.4 million in the last week.
- The company's holdings now foot to 717,131 BTC acquired for $54.52 billion, or $76,027 per coin — substantially below the current price of $68,000.
- Last week's buys were funded via common stock sales and the sale of the STRC preferred series.
