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Mt. Gox just moved $2.7 billion worth of Bitcoin to an unknown address. Once the biggest crypto exchange, Mt. Gox still holds a massive amount of BTC.
Right now, their stash is worth about $8.73 billion. That’s based on the current Bitcoin price of $62,830, which has recently dipped by $186.
Their portfolio includes 138,985 BTC. Over the last few days, the total value of their portfolio has dropped by $25.85 million, a noticeable decrease.
Let’s talk about the recent transfers. Just 18 minutes ago, Mt. Gox sent 48,641 BTC, worth $3.07 billion, to a cold wallet with the address 3JQieEzckjfS34oW8KZSGE.
But that’s not all. Two hours ago, there were two more big transfers. First, 4,641 BTC, valued at $293.94 million, moved to the same cold wallet.
Right after that, another 47,229 BTC, worth $2.99 billion, was sent to another cold wallet, 18vjnBHWAxU4CPGPqF7Gp9j.
This is a developing story
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Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Jai Hamid
Jai Hamid has been covering crypto, stock markets, technology, the global economy, and the geopolitical events that affect markets for the past 6 years. She has worked with blockchain-focused publications including AMB Crypto, Coin Edition, and CryptoTale on market analyses, major companies, regulation, and macroeconomic trends. She has attended London School of Journalism and thrice shared crypto market insights on one of Africa’s top TV networks.
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