Mt.Gox Makes Major $1Billion Transfer in Repayment Push

On March 25, 2025, Arkham Intelligence reported that wallets linked to the defunct Mt. Gox exchange moved a significant amount of Bitcoin (BTC), estimated at $1.01 billion. Approximately 12 minutes before the report, Mt. Gox’s cold wallet (address starting with 1Pazv) transferred 10,608 BTC to a change wallet (address starting with 1DcoAJ). Notably, 893 BTC was moved to the Mt. Gox hot wallet (address starting with 1Jbez).

After the first moves, the Mt. Gox hot wallet moved another 893.417 BTC, worth about $77.37 million, to an address starting with 1FodP. Additionally, the address sent a small amount of 0.000017 BTC to a Kraken exchange address, probably as a test transaction.

Arkham Highlights Mt.Gox BTC Move

Recently, there have been large Bitcoin transfers from Mt. Gox wallets. On March 6th, 2025, the exchange moved 12,000 BTC, worth about $1 billion. Subsequently, another 11,834 BTC, worth about $910 million, was moved. These large transfers have caused people to wonder if the company is getting ready to sell off its assets, especially since the funds are going to different crypto exchanges like Bitstamp.

People in the industry believe these transfers could mean the company is preparing to pay back Mt. Gox customers who have been waiting since the exchange failed. Many see the planned sale of assets as a good thing that will finally help these customers.

Even though these transfers are large, Bitcoin’s price hasn’t changed much. Bitcoin dropped about 0.10% in the past day and is trading at about $86,756. This steadiness may mean the market is waiting to see what happens next before reacting to the Mt. Gox situation.

Market experts think Bitcoin might soon go up in value. The price is forming a pattern that suggests if it breaks through a certain point, it could rise to around $95,000.

Arthur Hayes Predicts Bitcoin Bull Run

On March 24th, Arthur Hayes, former CEO of BitMEX, voiced a bullish forecast for Bitcoin’s future price. Hayes expressed confidence that Bitcoin is likely to reach $110,000.

Notably, his prediction is based on anticipating a shift in the US Federal Reserve’s monetary policy, transitioning from quantitative tightening to quantitative easing, which could potentially inject significant liquidity into the market.

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