The Mt. Gox Rehabilitation Trustee shifted 10,422 bitcoin on June 2, a transfer worth roughly $739 million at the time. Most of the coins landed in a new address beginning with 14FEEM, with 116 BTC sent to a known hot wallet. The move comes as Bitcoin slid more than 5% below $68,000, stoking fresh worry about how legacy supply might hit the market.
Inside the transaction
Block 952,072 recorded the transfer at 04:47 UTC. Of the total, 10,306 BTC went to the new wallet. The remaining 116 went to the trustee’s hot wallet, a pattern seen in earlier internal reorganizations. No coins have been spotted moving to exchange deposit addresses or to creditors directly. The transfer appears to be wallet management, not distribution.
Deadlines pushed back
In a notice filed on October 27, 2025, the trustee extended the final repayment deadline to October 31, 2026. The reason given: incomplete creditor procedures and processing delays. That’s still the effective date. The estate now holds roughly 34,504 BTC after this week’s move.
The timing isn’t great. Bitcoin was already under pressure, dipping below $68,000 before the transfer was even confirmed. Even if no coins hit exchanges this time, every large wallet shuffle reignites the same question — how much will eventually be sold? The trustee has been methodical. But the market’s memory of past overhangs is hard to shake.
The next concrete milestone is October 31. Until then, the estate’s wallet moves will keep drawing attention, especially when prices wobble.
