$BTC
On May 28, 2024, Mt. Gox initiated the transfer of approximately $9.6 billion worth of Bitcoin to creditors as part of its plan to distribute its holdings of 142,000 BTC and 143,000 BCH by October 31, 2024. The transfers, totaling 141,686 BTC, were made to an unmarked address in multiple transactions over several hours, stirring market dynamics with Bitcoin's price experiencing a slight dip. We think the decline will be temporary.