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

Cryptopolitan2024/07/16 09:10

By:By Jai Hamid

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

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.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

For AI computing power investment themes, policy changes primarily affect where to build, at what cost, and when investment returns can be realized. Ohio's data center incentives cover computing equipment, cooling systems, power equipment, and some building materials, so adjustments could impact the entire facility.

智通财经•2026/09/09 13:56

The "tax-free dividend" for data centers changes! Over ten US states reassess tax incentives, AI computing power expansion faces new obstacles

86% of S&P 500 Components Beat Earnings Expectations! AI Boom Fuels S&P 500 Profit Growth, Full-Year Growth Forecast Raised to 32%

The full-year profit expectations for the S&P 500 Index are rising, supported by the artificial intelligence boom and stronger-than-expected earnings performance in the first half of the year.

智通财经•2026/09/09 13:52

86% of S&P 500 Components Beat Earnings Expectations! AI Boom Fuels S&P 500 Profit Growth, Full-Year Growth Forecast Raised to 32%

From daily leverage to hourly leverage! The lesson from South Korea is still fresh, Wall Street is once again testing even more extreme retail trading tools

Defiance ETFs has filed documents with the U.S. Securities and Exchange Commission (SEC), planning to launch a series of leveraged funds that aim to double the gains or losses of certain individual stocks—not on a daily basis, but calculated hourly.

智通财经•2026/09/09 13:52