Mt. Gox still has 90,000 Bitcoin, valued at roughly $6 billion
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.
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Author: Vince Quill
