Mt. Gox moves $739 million worth of bitcoin to two addresses: Arkham
Mt. Gox transferred a combined 10,306 BTC to an unmarked address and its hot wallet early Tuesday, according to Arkham....
Key takeaways
- 1Mt. Gox moved 10,306 BTC worth $739 million to two addresses early Tuesday.
- 2Transfer included both an unmarked address and Mt. Gox's hot wallet.
- 3Movement suggests preparation for potential bitcoin distribution to creditors.
Coins in this story
Why it matters
Mt. Gox's creditor repayments could significantly impact bitcoin supply and Indian investor sentiment, as the transfer indicates imminent large-scale distributions that may affect BTC price volatility.
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