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<p>The bankrupt cryptocurrency exchange Mt. Gox transferred 116.3 BTC to Bitstamp on June 4, 2026. This transaction, valued at roughly $8.16 million, was identified by blockchain analytics firm Arkham Intelligence. It marked the latest development in a series of wallet moves monitored as part of creditor repayment preparations.</p>
<h2 id="latest-transfer-to-bitstamp-raises-attention">Latest transfer to Bitstamp raises attention</h2>
<p>Earlier in the same week, wallets linked to Mt. Gox shifted an additional 10,422 BTC. The bulk of this major transaction, worth about $739 million, was sent to a newly created wallet address, while the smaller 116.3 BTC portion later appeared at Bitstamp.</p>
<p>Bitstamp has previously served as one of the exchanges used for Mt. Gox creditor repayments. The latest transfer could signal preparations to liquidate cryptocurrencies for fiat or to leverage Bitstamp’s infrastructure for distributing <a href="https://en.coin-turk.com/ark-invest-warns-of-potential-losses-for-bitcoin-etf-investors/" rel="noopener noreferrer nofollow">Bitcoin</a> directly to creditors. Founded in 2011, Bitstamp is recognized as one of Europe’s oldest crypto trading platforms.</p>
<blockquote>
 <p>According to Arkham Intelligence data, Mt. Gox sent 116.3 BTC to Bitstamp on June 4 — a move that followed a much larger 10,422 BTC transfer from the same week.</p>
</blockquote>
<h2 id="market-impact-and-monitored-balances">Market impact and monitored balances</h2>
<p>On the day of the transfer, Bitcoin’s price dipped below $62,000 before recovering above $64,000. Some market watchers suggested that Mt. Gox-related on-chain activity may have contributed to downward price pressure.</p>
<p>Nevertheless, analysts point out that transfers to exchanges do not always indicate immediate selling. Still, investors closely watch Mt. Gox’s remaining Bitcoin reserves, given their potential influence on the market.</p>
<p>Mt. Gox-associated addresses reportedly still hold about 24,081 BTC, valued at around $1.55 billion. When compared to daily trading volumes, this balance represents a significant potential market impact.</p>
<h2 id="creditor-repayments-deadline-extended-to-october-31-2026">Creditor repayments deadline extended to October 31, 2026</h2>
<p>The final deadline for repayments to Mt. Gox creditors has now been set for October 31, 2026. This marks the third postponement following the initially targeted date of October 31, 2023.</p>
<p>The appointed trustee secured court approval to move the deadline from October 2025 to October 2026. It was reported that most eligible creditors have already received their lump-sum, early, or interim payments, though some await disbursement due to documentation or administrative delays.</p>
<p>Founded in Tokyo in 2010, Mt. Gox once processed the majority of global Bitcoin transactions at its peak. The platform collapsed in 2014 after a major security breach, resulting in the loss of approximately 850,000 BTC. Assets recovered for distribution to creditors included 142,000 Bitcoin, 143,000 <a href="https://en.coin-turk.com/experts-predict-volatility-in-cryptocurrency-markets/" rel="noopener noreferrer nofollow">Bitcoin Cash</a>, and about 69 billion Japanese yen in cash. As of March 27, 2025, the trustee had distributed Bitcoin and Bitcoin Cash to 19,500 creditors via platforms like Kraken and Bitstamp.</p>
<p>With the October 31, 2026 deadline approaching, market participants expect to see further wallet activity involving Mt. Gox holdings. On-chain tracking tools are anticipated to keep monitoring these transfers until the repayment process is complete.</p>
<p>The post <a href="https://en.coin-turk.com/mt-gox-sends-116-3-btc-to-bitstamp-amid-739m-moves/" rel="noopener noreferrer nofollow">Mt. Gox sends 116.3 BTC to Bitstamp amid $739M moves</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Mt. Gox sends 116.3 BTC to Bitstamp amid $739M moves

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