The once-prominent cryptocurrency exchange Mt. Gox, which has been defunct since a major hack in 2014, has recently transferred a staggering $2.19 billion worth of Bitcoin to two undisclosed wallets.
This transfer included over 30,000 Bitcoin sent to one wallet and an additional 2,000 Bitcoin that was first moved to a cold wallet before reaching another destination. This activity follows a previous transfer of 500 Bitcoin valued at over $35 million just days earlier.
This latest movement marks one of the largest transactions from Mt. Gox this year. Earlier in May, the exchange had moved more than $9 billion in Bitcoin, followed by another $2.8 billion in July, actions believed to be part of preparations for repaying creditors who have been waiting since the exchange’s collapse.
The repayment deadline has now been extended to October 31, 2025, due to delays in creditors completing necessary steps and complications in the repayment process.
In the broader cryptocurrency market, Bitcoin has recently surged to over $75,000, driven by significant market activity, including a $94 million liquidation of short positions.
This price increase coincided with favorable early voting results for Republican candidate Donald Trump, who is perceived as more crypto-friendly than his Democratic rival, Kamala Harris. As Trump’s chances of winning the presidency rose to 85% on betting platforms, Bitcoin saw a remarkable 7.5% increase in just one day.
Additionally, Bitcoin is currently trading at a premium on Coinbase, reflecting renewed interest from U.S. investors. Meanwhile, Dogecoin has also made headlines, experiencing a nearly 20% rise since Tuesday and over 65% growth in the past month, solidifying its position as a leading cryptocurrency performer.
