Mt. Gox Transfers $739M in Bitcoin Amid Market Turmoil
On June 2, 2026, Mt. Gox executed its largest transaction in months, transferring 10,422 BTC valued at roughly $739 million, in anticipation of a creditor repayment deadline set for October 2026. Arkham Intelligence verified this transfer in Bitcoin block 952,072 at 04:47 UTC, which included 10,306 BTC sent to a new address, 116 BTC directed to a Mt. Gox hot wallet, and a minor test transfer to a Bitstamp cold wallet. The trustee Nobuaki Kobayashi manages approximately 34,504 BTC, equating to around $2.43 billion. Repayments commenced in mid-2024, with a Tokyo court extending the final deadline to October 31, 2026. On June 3, Bitcoin fell below $69,000, hitting an intraday low near $65,372 due to market pressures.
Key facts
- Mt. Gox moved 10,422 BTC worth $739 million on June 2, 2026.
- Transfer occurred in Bitcoin block 952,072 at 04:47 UTC.
- 10,306 BTC sent to a new address; 116 BTC to a known hot wallet; test transfer to Bitstamp cold wallet.
- Mt. Gox still holds 34,504 BTC valued at $2.43 billion.
- Trustee Nobuaki Kobayashi oversees creditor repayments; deadline extended to October 31, 2026.
- Strategy sold 32 BTC for $2.5 million, its first sale in years.
- U.S. spot Bitcoin ETFs saw $3.45 billion in outflows over 11 sessions.
- Bitcoin touched $65,372 on June 3 before rebounding above $67,000.
Entities
Institutions
- Mt. Gox
- Arkham Intelligence
- Bitstamp
- Strategy
- MicroStrategy
- Bloomberg Intelligence
- CoinMarketCap
- NFT Plazas
Locations
- Tokyo
- Japan
- United States
- Iran
- Israel