Another Year, Another Delay: Mt. Gox Keeps $4 Billion in Bitcoin Off the Market
Mt. Gox has delayed its creditor repayments until October 2026, keeping 34,689 BTC off the market and easing immediate sell-off fears.Summary
The defunct cryptocurrency exchange Mt. Gox has announced a further one-year delay for its long-awaited creditor repayments, pushing the distribution date to October 31, 2026. This decision, authorized by a Japanese court and communicated by rehabilitation trustee Nobuaki Kobayashi, means that approximately 34,689 BTC, currently valued at over $4 billion, will remain locked away. This extension avoids an immediate supply shock to the Bitcoin market, which had been anticipated following previous delays from 2023 and 2025. The delay is attributed to unresolved administrative issues and incomplete procedures for some creditors, despite Kobayashi stating that repayments to eligible creditors are largely complete. The news has been viewed as a stabilizing event for Bitcoin, alleviating concerns about potential large-scale selling pressure, especially given recent weakening liquidity in OTC markets.
(Source：BeInCrypto)