According to Arkham Intelligence and onchain analytics, custodians overseeing Mt Gox’s bitcoin holdings have transferred 11,833.64 BTC, valued at over $1 billion based on prevailing bitcoin prices. The substantial bitcoin ( BTC) transaction occurred Wednesday at block height 886,484, involving precisely 11,833.64 BTC, equating to roughly $1.066 billion. Arkham promptly informed the crypto community via X at 7:12 p.m. ET on Mar. 5. Notably, the custodian paid a mere 1,808 satoshis—or about $1.64—in onchain transaction fees for this sizeable transfer. These bitcoins departed from a Pay-to-PubKey-Hash (P2PKH) address labeled “1PuQB,” finding their way to another P2PKH wallet, identified simply as “1Mo1n.” Despite unloading 11,833.64 BTC, Mt Gox still retains 36,080 BTC, currently worth approximately $3.25 billion at today’s market rates.
Mt Gox Awakens: $1 Billion in Bitcoin Quietly Shifts to an Unknown Wallet
This article was published more than a year ago. Some information may no longer be current.
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