Published On: Tue, 16 Jul 2024 08:54:15 GMT

Mt.Gox move $2.84B worth of Bitcoin internally.

Mt. Gox has moved $2.84B worth of Bitcoin internally, which could mark the start of the repayment for July.

Sahil Thakur News

Jul 16, 2024

Author: Sahil Thakur

Mt.Gox has moved 44,527 Bitcoin, worth around $2.84B at the time of writing to an internal wallet according to Arkham. This could signal the start of a repayment phase for Mt.Gox.

Its worth remembering that Mt.Gox hold nearly $8.8B worth of Bitcoin that will need to be repaid back to the users this year starting from July.

The German govt just finished selling off its Bitcoin which saw Bitcoin bounce back from its lows and upwards to the $64k range but this news seems to have pulled back Bitcoin by nearly $2000.

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