The $1 billion BTC transfer from Mt. Gox has unsettled the market.

The Japan-based cryptocurrency exchange Mt. Gox, which went bankrupt in 2014, has made headlines again due to significant Bitcoin transfers. On March 25, 2025, the exchange transferred a total of 11,501 Bitcoin (approximately $1 billion) to two separate wallets. Out of these transfers, 893 BTC (around $78 million) went to a hot wallet labeled “1Jbez,” while 10,608 BTC (approximately $927 million) was sent to a wallet identified as “1DcoA.”

This recent transaction marked the third large Bitcoin transfer by Mt. Gox in March, following earlier transfers of 12,000 BTC on March 6 and 11,833 BTC on March 11. Speculation has arisen that these movements may be preparations for potential repayments to creditors. Despite these large transfers typically causing price fluctuations in the crypto market, no significant changes in Bitcoin's spot price have been observed so far.