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Mt.Gox recorded another significant transfer this month, moving over 2,300 BTC to unidentified wallets. The move came at the same time Bitcoin price hit $100,000 amid potential Federal Reserve policy changes.
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A wallet linked to the defunct cryptocurrency exchange Mt.Gox moved 2,324 Bitcoins worth $234 million to an unidentified wallet early Thursday, according to data from Arkham Intelligence. The move comes as Bitcoin soars above $100,000 following the latest inflation report and expected Fed interest rate cuts.
The transfer follows the movement of 2,623 Bitcoins worth approximately $255 million from a Mt.Gox-labeled wallet to two addresses on Wednesday, resulting in approximately $10 million reaching B2C2.
The remaining funds were distributed to other addresses before arriving in a wallet starting with “14jvfU”.
The defunct cryptocurrency exchange has made several Bitcoin transfers this month, including $2.4 billion worth of Bitcoin sent to an unknown wallet on December 5th, and $350 million the next day. More than $1,000 was transferred.
After these activities, Mt. Gox's wallet holds approximately 36,000 BTC worth $3.6 billion.
Although the purpose of these transfers remains unclear, historical data suggests that they are often made in advance of creditor repayments facilitated by centralized exchanges such as Bitstamp and Kraken. There is.
Mt.Gox recently extended its repayment deadline to October 31, 2025, pushing back its original target of October 31, 2024.
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