Trustee of Mt Gox Moves 27 Billion in Bitcoin Forming 19th Largest BTC Wallet

Trustee of Mt Gox Moves 27 Billion in Bitcoin Forming 19th Largest BTC Wallet

The trustee in charge of the Mt. Gox bitcoins made a transfer of approximately 47,228.73 BTC to an undisclosed address on Thursday. This transfer, valued at around $2.7 billion, reduces Mt. Gox’s holdings to approximately 141,687 BTC, which is worth nearly $8.1 billion. Prior to this significant transaction, several test transfers were conducted on July 4. The trustee had previously stated that distributions would begin in July, but the exact date has not been specified. As a result of this transfer, the new wallet now ranks as the 19th largest BTC wallet globally in terms of total holdings.

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