Mt. Gox Moves 116.3 BTC to Hot Wallet, Sends Test Transfer to Bitstamp
Summary
- A wallet linked to Mt. Gox transferred 116.3BTC from a cold wallet to a hot wallet.
- The wallet later sent 0.000017BTC as a test transfer to Bitstamp, and an on-chain analyst said the 116.3 BTC could be moved there later.
- Mt. Gox currently holds 34,500BTC worth about $2.39 billion, and because such Bitcoin movements may be tied to creditor repayments or exchange deposits, any actual sale would need to be confirmed through additional on-chain flows.
Forecast Trend Report by Period
More Bitcoin has moved from wallets linked to Mt. Gox. A portion was then sent in a test transfer to an exchange, renewing attention on whether the activity is tied to creditor repayments.
Odaily, a digital-asset news outlet, reported on June 2 that on-chain analyst Ember said Mt. Gox transferred 116.3 BTC from a cold wallet to a hot wallet about three hours earlier. The tokens were worth about $8.25 million.
The Mt. Gox wallet later sent 0.000017 BTC to crypto exchange Bitstamp as a test transfer. Based on the wallet's past transfer patterns, Ember said the 116.3 BTC could later be moved to Bitstamp.
Mt. Gox currently holds 34,500 BTC. Those holdings are valued at about $2.39 billion.
Bitcoin transfers tied to Mt. Gox have drawn market attention because they may be linked to creditor repayments or exchange deposits. Still, wallet movements do not necessarily mean an immediate market sale, and any actual sale would need to be confirmed through additional on-chain flows and exchange deposit records.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
