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

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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

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.

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