mt. gox transfers 2.8 billion in bitcoin as price reaches 100000

Mt. Gox has recently transferred a significant amount of Bitcoin, valued at approximately $2.8 billion, as the cryptocurrency reaches a historic price of $100,000. A large portion of this transfer, around $2.4 billion worth of Bitcoin, was sent to an unidentified address.

Despite these transfers, Mt. Gox still holds a substantial amount of Bitcoin, equating to $4.1 billion. The payout timeline for creditors has been extended to October 31, 2025, due to ongoing verification and processing requirements. While some creditors have received fiat payments, others are still waiting for full compensation in Bitcoin or Bitcoin Cash.

It is worth noting that recent transfers have had minimal impact on Bitcoin prices, which are currently trading at around $103,000, reflecting a 4% increase over the past 24 hours. However, concerns remain that a full compensation distribution could potentially influence market prices if creditors decide to sell their holdings.

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