Mt.Gox transfers 139,000 BTC

On the Mt.Gox-wallet moves a digital gold treasure. With 139,000 BTC, the trustees are moving Bitcoin worth billions.

The Mt. Gox Cold Wallet (16eAGJEjqsUqngMfcysQECvp7TMU37P9gX) moved 139,000 Bitcoin worth nearly nine billion dollars today. The first billion-dollar transaction (44,527 BTC) went to a second Mt.Gox Cold Wallet (1JbezDVd9VsK9o1Ga9UqLydeuEvhKLAPs6).

In a second billion-dollar transaction (47,229 BTC), the Mt.Gox curator (16eAG) sent Bitcoin worth US$2.99 billion to an unknown address (18vjnBHWAxU4CPGPqF7Gp9JyqdVBHDct9b).

The third billion-dollar transaction also went to an unknown address (3JQieEzccKjFS34oW8KZSGBDndiH1YyFrE) and contained about 48,641 BTC, more than three billion dollars.

According to the blockchain analytics service Breadcrumbs, there are two whole dollars left on the original wallet. The Arkham wallet shows a total of nearly 139,000 BTC still held by Mt.Gox. Therefore, the billion-dollar transactions presumably look like a rotation of wallets.

Final payouts to former customers of the bankrupt exchange should begin in August. According to Jacob King, analyst at Whale Wire, many of these customers want to sell their Bitcoin. Over the years (since the fall of Mt.Gox), there have been significant price gains.

"No Bitcoiner will say it out loud, but most of the $8.2 billion in Bitcoin to be distributed back to former customers will be sold," said King.

Mt. Gox was the largest Bitcoin exchange in the world until its collapse in 2014. Due to the collapse, customers lost a total of 850,000 BTC. Of that, 142,000 BTC could be secured. The Bitcoin exchange rate is so far reacting calmly to the billion-dollar transactions.