Mt. Gox moves $953M Bitcoin after 8 months, sparking market worries
Mt. Gox just moved 10,608 BTC worth $953 million, its first big transfer in months, as $4 billion in creditor repayments stay delayed until October 2026.
Description goes here...
Mt. Gox just moved 10,608 BTC worth $953 million, its first big transfer in months, as $4 billion in creditor repayments stay delayed until October 2026.
The October market crash depressed corporate Bitcoin treasuries, as BTC fell under the average acquisition cost of multiple treasury companies.
Morgan Stanley’s Denny Galindo likens Bitcoin’s cycle to the seasons, warning that the market’s “fall” phase is a time to secure gains before a downturn.
The Bitcoin education initiative is closing its local operations and rebranding for a global mission, shifting from teaching students in El Salvador to training educators worldwide.
Miami Mayor Francis Suarez started receiving his salary in Bitcoin four years ago, when Bitcoin was valued at around $64,000.
The loan came shortly after Metaplanet launched a $500 million Bitcoin-backed share buyback program, after its market-based net asset value fell below 1.0.
The companies saw profits and Bitcoin reserves increase in the third quarter of 2025 as they moved further into high-performance computing and energy development.
Strategy’s Bitcoin acquisition rate has been significantly down since September, threatening to limit Bitcoin’s price recovery.
Bitcoin price has surged 85% since Mt. Gox began repayments, proving fears of a massive sell-off were overblown as demand easily absorbed supply.
Metaplanet’s market-based net asset value (mNAV) fell to 0.88 last week, prompting the Tokyo-listed Bitcoin treasury company to launch the Bitcoin-backed share buyback.