Mt. Gox Bitcoin Payout Moves $1B in Third March Transfer

Key Points

• Mt. Gox Bitcoin Payout Moves $1B in Third March Transfer
• Still holds over $3B in Bitcoin amid rising payout pressure
• Creditor repayment deadline set for October 31, 2025
• BTC price stays stable, analysts eye breakout to $95K

Mt. Gox, the infamous defunct crypto exchange, has just made another massive move—transferring 11,501 BTC, worth around $1 billion, to two different wallets. This marks the third major Bitcoin transfer from the platform in March alone.

According to blockchain tracker Arkham Intelligence, the exchange sent 10,608 BTC ($929M) to a change wallet and 893 BTC ($78M) to its hot wallet. The frequent large-scale movements suggest Mt. Gox may be actively preparing for its long-overdue creditor repayments.

Mt. Gox Bitcoin Transfers. Source: X/Arkham – Techtoken

Earlier this month, Mt. Gox made two similar moves:

• On March 6, it transferred 12,000 BTC (valued at $1B)

• A few days later, another 11,834 BTC ($910M) was moved

In one of those transactions, 332 BTC landed on the Bitstamp exchange, sparking speculation about possible liquidation. Analysts from SpotOnChain believe the recent 893 BTC may follow the same route.

Despite all the buzz, the Bitcoin price barely reacted, dipping just 0.19% in the past 24 hours, hovering around $86,756 at the time of reporting. This calm reaction is similar to how markets responded during the MicroStrategy Bitcoin debt rumors, suggesting some of this movement may already be priced in.

ARKHAM ALERT: MT GOX MOVING $1B $BTC

893 BTC were moved to Mt. Gox Hot Wallet [1Jbez] and 10608 BTC were moved to change wallet 1DcoA. pic.twitter.com/akr3hqSasD

— Arkham (@arkham) March 25, 2025

Clock Ticking Toward October 2025 Repayment Deadline

The big question: why now? All signs point to one thing—Mt. Gox Bitcoin payouts are getting closer.

The exchange still holds a hefty 35,583 BTC, worth over $3 billion. While the final payout deadline is October 31, 2025, these recent transactions show that behind-the-scenes preparations are gaining speed.

Back in October 2024, Mt. Gox’s trustee extended the repayment deadline by another year. Many creditors are still waiting on their funds, largely due to incomplete procedures or technical repayment issues. A notice from the trustee emphasized this point, stating:

“Many rehabilitation creditors still have not received their Repayments because they have not completed the necessary procedures for receiving Repayments.”

This long wait mirrors the legal delays in the Libra lawsuit filed by Burwick Law—a reminder of how slow the crypto legal system can be.

Bitcoin Price Performance. Source: Techtoken

Given the pressure to meet the new deadline, the exchange is likely organizing funds, consolidating wallets, and perhaps even testing payout mechanisms.

Analysts Stay Bullish Despite the FUD

Even with these massive BTC moves, the market hasn’t shown fear—at least not yet. According to BeInCrypto, Bitcoin is nearing a breakout from a descending wedge, a chart pattern often seen before upward price movements.

If the breakout holds, BTC could surge toward $95,000.

Arthur Hayes, former BitMEX CEO, is even more bullish. He recently claimed that:

I bet $BTC hits $110k before it retests $76.5k.

Y? The Fed is going from QT to QE for treasuries. And tariffs don’t matter cause “transitory inflation”. JAYPOW told me so.

I’ll expound on that in my next essay, that’s the TLDR for your TikTok peanut brain.

— Arthur Hayes (@CryptoHayes) March 24, 2025

His confidence is fueled by expectations of the U.S. Federal Reserve pivoting from quantitative tightening to easing, flooding the market with liquidity and boosting risk-on assets like Bitcoin.

That optimism aligns with the general market recovery we’ve seen around Layer 1 ecosystems like Solana, which continue to draw investor attention despite network hiccups.

Meanwhile, industry watchers remain cautious due to rising regulatory pressure. As we’ve seen with recent discussions around Tornado Cash sanctions, any sudden policy move could shift market sentiment instantly.

And if bots and manipulation come into play—as alleged in the Pi Network bot activity case—the market could react even more unpredictably.

What Comes Next?

The Mt. Gox Bitcoin payout saga is one of crypto’s longest-running stories, but we may finally be approaching the final chapter. As funds move and the deadline nears, creditors are hoping that more than a decade of waiting is almost over.

At the same time, the crypto community is watching closely. Will these funds hit exchanges and cause selling pressure? Or will they quietly return to rightful owners with minimal market impact?