Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Mt. Gox wallet transfers $2.7 billion in BTC to unknown address

Mt. Gox wallet transfers $2.7 billion in BTC to unknown address

Cryptopolitan2024/07/16 09:10
By:By Jai Hamid

Mt. Gox just moved $2.7 billion worth of Bitcoin to an unknown address. Once the biggest crypto exchange, Mt. Gox still holds a massive amount of BTC.

Right now, their stash is worth about $8.73 billion. That’s based on the current Bitcoin price of $62,830, which has recently dipped by $186. 

Their portfolio includes 138,985 BTC. Over the last few days, the total value of their portfolio has dropped by $25.85 million, a noticeable decrease.

Mt. Gox wallet transfers $2.7 billion in BTC to unknown address image 0 Source: Arkham Intelligence

Let’s talk about the recent transfers. Just 18 minutes ago, Mt. Gox sent 48,641 BTC, worth $3.07 billion, to a cold wallet with the address 3JQieEzckjfS34oW8KZSGE. 

But that’s not all. Two hours ago, there were two more big transfers. First, 4,641 BTC, valued at $293.94 million, moved to the same cold wallet.

Right after that, another 47,229 BTC, worth $2.99 billion, was sent to another cold wallet, 18vjnBHWAxU4CPGPqF7Gp9j.

This is a developing story

2

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Leading DEXs on Base and OP will merge and expand deployment to Arc and Ethereum

Uniswap's new proposal reduces LP earnings, while Aero integrates LPs into the entire protocol's cash flow.

深潮2025/11/13 12:43
Leading DEXs on Base and OP will merge and expand deployment to Arc and Ethereum

The Future of Hyperliquid: HIP-3 and HyperStone

The future of Hyperliquid lies in HIP-3, and the foundation of HIP-3 is HyperStone.

深潮2025/11/13 12:41
The Future of Hyperliquid: HIP-3 and HyperStone

A New Era of Token Financing: A Milestone for Compliant Fundraising in the United States

Asset issuance in the crypto industry is entering a new era of compliance.

BlockBeats2025/11/13 12:24
A New Era of Token Financing: A Milestone for Compliant Fundraising in the United States

Circle, the First Stablecoin Stock, Releases Q3 Financial Report: What Are the Highlights?

By the end of the third quarter, the circulating supply of USDC reached $73.7 billion, representing a year-on-year increase of 108%.

BlockBeats2025/11/13 12:24
Circle, the First Stablecoin Stock, Releases Q3 Financial Report: What Are the Highlights?