Defunct bitcoin exchange Mt. Gox moved 10,422.65 bitcoin worth roughly $739 million to a new wallet early Tuesday, marking its largest single transfer in months ahead of the October 31, 2026 deadline to complete creditor repayments.
The transaction, recorded on Bitcoin block 952,072 at 04:47 UTC, sent 10,306.35 BTC to a previously unseen address, while a smaller 116.30 BTC slice was routed to the exchange's known hot wallet.
The split pattern mirrors earlier administrative transfers that preceded creditor distributions, though none of the coins has yet been forwarded to an exchange or custody provider. Mt. Gox still holds roughly 34,504 BTC valued at $2.43 billion.
Repayments began in mid-2024, and around 19,500 creditors have received funds. Trustee Nobuaki Kobayashi extended the final deadline from October 2025 to October 2026, citing incomplete procedures.
The transfer comes as bitcoin slid below $71,000, pressured by Strategy's first publicized bitcoin sale, a record ETF outflow streak, and stalled U.S.-Iran ceasefire talks.