Mt. Gox has recently transferred nearly a billion dollars’ worth of Bitcoin, marking the second significant BTC movement in a week, as Bitcoin’s price hit a four-month low on March 11.
Out of the 11,833 Bitcoin moved, 11,501 ($905.1 million) were transferred to a new wallet, while the remaining 332 Bitcoin ($26.1 million) were sent to a warm wallet, according to data from blockchain analytics firm Lookonchain, based on Arkham Intelligence insights.
This event follows another major transaction less than a week earlier when Mt. Gox moved 12,000 Bitcoin, valued at just over $1 billion, on March 6.
Arkham reported that $15 million of those funds were sent to BitGo, one of the custodians facilitating repayments to Mt. Gox’s creditors.
