1. Home
  2. Bitcoin
  3. Mt. Gox still has 90,000 Bitcoin, valued at roughly $6 billion
Mt. Gox still has 90,000 Bitcoin, valued at roughly  billion

Mt. Gox still has 90,000 Bitcoin, valued at roughly $6 billion

0

Source: Coin Telegraph

The infamous collapse of the Mt. Gox exchange occurred in 2014, and creditors have been waiting for reimbursement for over a decade.

Mt. Gox still has a whopping 90,000 Bitcoin, valued at roughly $6 billion, as investors and speculators weigh the effects the sell-off will have on the Bitcoin market.

Data from Arkham Intelligence indicates the last transaction made from Mt. Gox occurred on July 24, 2024, at 06:50:05 UTC and contained roughly 382 Bitcoin (BTC), valued at approximately $25 million, sent to Bitstamp.

News of the Mt. Gox sell-off has created fear, uncertainty, and doubt among market participants during the last several weeks, with the $8.2 billion question coming down to whether or not the Mt. Gox creditors, who have been waiting over 10 years for reimbursement, will sell their holdings.

Read more

Go to Source
Author: Vince Quill