🔰 Mt. Gox begins repaying BTC and BCH debt in July 2024, Bitcoin falls to 60,600 USD

As of September last year, MT GOX reported paying 142K BTC, 143K BCH (because of the BTC hard fork in 2017), and 69 billion Yen (~$430 million USD).

MT GOX previously gave creditors 2 choices:

A. Receive 20% of the total compensation amount early, the remaining 80% is unknown

B. Get 100% but it will be much later.

Creditors who choose option A will receive 25% cash and 75% #bitcoin and #BCH

Who will choose which option or the exact number is unclear, but we can think of a hypothesis: 100% choose option A to get 20% now.

142K BTC (total BTC) x 20% (option A) x 75% (paid in BTC, 25% cash) = 21,300 BTC (~$1.3 billion USD at $61K).

🔰 The estimated $1.3 billion USD is not as high as the articles say $9 billion USD