Key facts
- Mt. Gox transferred 116.3 BTC ($8.16 million) to Bitstamp on June 4, 2026.
- This transfer follows a larger movement of 10,422 BTC ($739 million) earlier in the week.
- Bitcoin's price dropped below $62,000, with some traders attributing it to Mt. Gox activity.
- The October 31, 2026, deadline for Mt. Gox creditor repayments is driving wallet activity.
- Approximately 24,081 BTC ($1.55 billion) remains in Mt. Gox-controlled wallets.
Mt. Gox, the defunct Bitcoin exchange, transferred 116.3 BTC, valued at approximately $8.16 million, to the Bitstamp exchange on June 4, 2026. This transaction, identified by Arkham Intelligence, is part of a larger series of movements related to the Mt. Gox creditor repayment process, which includes a prior transfer of 10,422 BTC worth about $739 million. Bitstamp has been utilized for previous creditor distributions, suggesting these transfers may be for converting funds to fiat or direct distribution to creditors. The Bitcoin price fell below $62,000 on the same day as the transfer, with some market participants linking the decline to Mt. Gox's on-chain activity. While a transfer to an exchange does not guarantee a sale, the significant volume of Bitcoin remaining in Mt. Gox wallets (around 24,081 BTC, valued at $1.55 billion) draws market attention. The deadline for Mt. Gox creditor repayments is October 31, 2026, following several extensions. Mt. Gox, which collapsed in 2014 after losing approximately 850,000 BTC, has recovered assets including Bitcoin, Bitcoin Cash, and Japanese Yen for distribution.