Bitcoin (BTC) held by Mount Gox, the missing exchange of cryptography that imploded in 2014, was in motion again on Tuesday after the maneuver last week, a potential signal to resume payment creditors after distributing cryptographic assets worth thousands of millions last year.
A Bitcoin address linked to Mount Gox transferred 11,834 BTC, for a value of approximately $ 930 million, to the new wallets, showed Arkham’s intelligence data. About $ 26 million BTC landed in a “operations wallet”, potentially as a preparation to distribute creditors, while the rest reached a “change wallet,” said Arkham analysts in an X Post.
The last movement occurred after the internal reorganization of assets of $ 1 billion of $ 1 last week, followed by a transfer of $ 15 million to the custodium of cryptocurrencies bitgo, which serves as one of the distribution platforms where creditors can claim their assets.
Monte Gox’s wallet transfers weighed the BTC prices until mid -2014, since the merchants prepared for the sale pressure when the exchange began paying assets worth bills of dollars to the creditors after ten years of waiting. In October, the administrator who administered the assets of the exchange postponed the deadline to pay the creditors as of October 31, 2025, dissipating the immediate more pressure concerns.
Read more: Postpas Refounder Deadline of Mount Gox until 2025, relieving Bitcoin’s sales pressure concerns
However, the latest movements could presage the assets that reimburse the rest of the assets to users, reviving fears of selling pressure when cryptographic markets are already in the midst of a correction, and BTC decreases almost 30% from records in January.
The wallets linked to Mount Gox recently had $ 2.9 billion in BTC, according to Arkham’s data.
