Mt. Gox Moves $9 Billion in Bitcoin, Market Reacts with Price Drop

In just three hours on July 16, Mt. Gox moved over 140,000 Bitcoin, valued at nearly $9 billion, to a known cold wallet and two unknown addresses. According to Arkham Intelligence data, Mt. Gox’s main wallet still holds 138,985 Bitcoin (BTC), worth around $8.7 billion. This marks the first time in two weeks that funds have been mobilized. Two major transactions occurred: nearly 96,000 BTC, worth over $6 billion, were transferred to two unknown wallets, while an initial 44,527 BTC was sent to a known Mt. Gox cold wallet. Arkham Intelligence reported over 140,000 BTC moved in just three hours.

Source: CryptoIntelligence