Mt. Gox-linked wallets moved 10,422 BTC, worth roughly $739 million as BTC price slides
- Mt. Gox, the zombie that just won’t stay dead, shuffled 10,422 BTC ($739M) to a fresh wallet. The market panicked because Bitcoin was already sliding below $68k, but let’s be real: moving coins to a new address isn’t selling. It’s like rearranging deck chairs on the Titanic while screaming about icebergs. The trustee extended repayments to 2026, turning a potential date shock into a bureaucratic drip-feed. Until those coins hit an exchange or custodian, this is just internal housekeeping, not a sell-off. Moonboys can keep hyperventilating over "supply overhangs," but until Arkham sees onward routing to a liquidity venue, this is noise. The estate is active, yes, but they’re not dumping yet. They’re just preparing for a very long, very slow payout. Enjoy the volatility; it’s the only thing Mt. Gox is actually delivering right now.