Mt Gox Transfers $1 Billion in Bitcoin: Third Major Transfer in March 2025

3d ago•

bullish:

bearish:

According to Arkham Intelligence’s recent report on March 25, Mt Gox has executed its third Bitcoin transfer. A well-known cryptocurrency exchange based in Tokyo has been in the news again after its collapse in the year 2014. As of March 25, 2025, the Japanese exchange has crossed over $1 billion worth of Bitcoin following the transfer of 11,501 BTC.

The report suggests this was its third biggest Bitcoin shuffle this month, which just came two weeks after the March 6 and March 11 transfers. Blockchain analytics firm Arkham Intelligence reported the Mt Gox transfer details, which were executed in two different wallets.

This moment gave rise to speculation that Mt Gox might be getting ready for the repayment process for their creditors. Many analysts from Coinbase and Yahoo Finance indicated this as a sign to pay upcoming payouts to the exchange creditors who waited a long time for a final settlement since the 2014 collapse.

Mt Gox Third Major Bitcoin Transfer

Mt Gox completed its third-biggest Bitcoin transfer of the month on March 25, 2025. It transferred 11,501 BTC, which was valued at around $1.01 billion. The fund transfers were divided into two wallets. The 893 BTC valued at around $78 million were transferred to the cold wallet “1jbez” and 10,608 BTC valued at $929 million went to the change wallet “1DcoA”.

Mt. Gox

This followed two other big transactions in March: 12,000 BTC valued at about $1 billion on March 6 and 11,833 BTC valued at around $905 million on March 11. The analysts see this transfer as an opportunity for the creditors to get their payments.

Are These Transfers Linked to Creditor Payouts?

The recent big Bitcoin transfer from Mt Gox gave rise to talk that they might be linked to the payout for their creditors. Mt Gox has been distributing its Bitcoin since 2024 to those it owed money to as part of its ongoing bankruptcy procedure, but the process was slow down.

The deadline for the final payout was pushed to 31 October 2025 because of a delay in verifying claims. Even if recently Mt Gox has been preparing for a major payout, there’s still no strong evidence to confirm this speculation.

Internal Shuffling or Imminent Payouts?

Blockchain analysts, like Glassnode and Spot On Chain, have mentioned that while the recent transfer of Mt. Gox is big, they might just be internal wallet movements. These experts suggest that large transfers don’t directly mean that creditors pay funds right away.

For example, Spot On Chain pointed out that some Bitcoin that was transferred earlier ended up on Bitstamp, which shows that funds can be moving through different custodians before the actual payout happens.

Mt Gox Current Bitcoin Holdings

As of March 2025, Mt. Gox holds around 35,000 BTC, which are valued at around $3.1 billion, most of which still remains untouched. Regardless of recent transactions, the total amount of Bitcoin which are available for creditors has decreased from its high of 1,40,000 BTC ever since it started its repayment procedure in 2024.

Mt.Gox

Third-party custodians, including Bitstamp and Kraken, hold most of these funds, making it more difficult for creditors to receive their payouts.

Market Impact and Bitcoin Price Stability

The market remained relatively stable, regardless of the large Bitcoin transfer. Mt. Gox has little response to the price of Bitcoin, and it stayed around $87,000. This shows that the market is aware of an ongoing process and is not expecting any big sell-offs.

Unlike the previous Mt Gox transfer, which used to often cause panic and price volatility, the current market seems more prepared and less reactive.

Conclusion

As Mt. Gox continues repaying creditors, the recent Bitcoin transfer has raised expectations of an eventual resolution. Creditors and the crypto community are paying close attention as the deadline of October 31, 2025, approaches.

Though there is no specific timeline set for the final payouts, these big Bitcoin transactions serve as a reminder that Mt. Gox’s bankruptcy procedure is still ongoing. However, this growing speculation suggests that the final resolution might be finally close.