Mt. Gox moves $700M+ in BTC to new wallet after six months; small hot‑wallet transfer raises sell‑off concerns

Addresses linked to the defunct Mt. Gox transferred roughly 10,300–10,423 BTC to a new, currently untagged wallet on June 2, with outlets reporting valuations in the $729 million–$739 million range; trackers and reporters note this was the first substantial on-chain movement from those addresses in about six months ^{[1] [2] [3] [4]}.

Reporting indicates an additional ~116 BTC was moved to an operational hot wallet, and the Mt. Gox claims process remains active — the trustee has extended the creditor deadline to October 31 and roughly 34,000 BTC is still slated for distribution to unpaid creditors ^[2].

News outlets said the transfers could influence market sentiment and price support levels but do not provide confirmation that the coins were sold on exchanges; on-chain analytics services show slight differences in the reported amounts and dollar valuations ^{[1] [3] [4]}.

At present, reporting documents large on-chain movements from Mt. Gox-linked addresses and ongoing administrative work on creditor payouts, but does not confirm a market sell-off; observers will watch for further on-chain activity or exchange deposits for clearer indication of intent ^{[2] [3]}.