It’s the most significant Bitcoin move since July 30, though Galaxy’s head of research doesn’t think it’s for distribution.
Defunct crypto exchange Mt. Gox has just moved around 12,000 Bitcoin to a new, unknown wallet address in its first major transaction since the end of July.
Mt. Gox made the move around 11:39 pm UTC on Aug. 20, sending 12,000 Bitcoin (BTC), worth $709.4 million, to an empty address starting with “1PuQB.”
It also sent 1,265 BTC worth $74.8 million to the address starting with “1Jbez,” which is labeled as a Mt. Gox cold wallet on Arkham Intelligence. The funds haven’t moved since.
