Mt. Gox Moves Over 2,300 Bitcoin

A wallet linked to the now-defunct Mt. Gox exchange moved 2,324 bitcoins worth $234 million to an anonymous address on Thursday, according to data from Arkham Intelligence.

The transfer came as bitcoin surged above $100,000 on expectations of a rate cut from the Federal Reserve.

The activity followed another transfer on Wednesday of 2,623 bitcoins worth $255 million, with the funds split between multiple addresses, including $10 million to B2C2.

The wallet has also made several notable transfers this month, including $2.4 billion on Dec. 5.

The Mt. Gox wallet currently holds 36,000 bitcoins worth $3.6 billion.

While the purpose of the transfers is unclear, such moves often precede repayments to creditors made through exchanges like Kraken and Bitstamp.

Mt. Gox has extended the repayment date to October 31, 2025, from the original date of 2024.