Bitcoin News Today: Mt. Gox Moves $956M Worth of BTC
CoinDesk
Mt. Gox moved approximately 10,608 BTC, valued at $950 million, amid a significant slide in Bitcoin's spot price.Summary
The long-defunct Mt. Gox exchange executed a major on-chain transfer of about 10,608 BTC, worth around $950 million, to a new address on Monday, November 18, 2025. This movement occurred as Bitcoin's price was declining to seven-month lows near $90,000. Historically, large BTC movements from Mt. Gox often precede repayments to creditors who lost funds during the exchange's 2014 collapse. While the direct link to repayments is unconfirmed, the timing fueled market speculation about potential sell-offs. Mt. Gox, which went bankrupt after an early 2014 hack resulting in the loss of 850,000 BTC, still holds approximately 34,689 BTC, valued near $3.1 billion.
(Source：CoinDesk)