Mt. Gox Transfers 116 BTC to Bitstamp Amid Bitcoin Selloff
Mt. Gox has transferred 116.3 BTC, worth about $8.16 million, to Bitstamp as part of ongoing market fluctuations. Crypto Adventure reports this transfer follows a previous larger movement of 10,306 BTC from Mt. Gox's cold storage earlier in the week.
Mt. Gox's wallets have moved 116.3 BTC to Bitstamp, translating to approximately $8.16 million at the time of the transaction. This transfer occurs during a notable Bitcoin selloff, prompting trader scrutiny of the remaining Bitcoin reserves held by the collapsed exchange.
This latest transfer is part of a series of Bitcoin movements from Mt. Gox, which also saw a significant withdrawal earlier in the week when over 10,306 BTC was transferred from cold storage. Such actions raise questions around the potential impact on Bitcoin's price in the current volatile market environment.
The continued activity from Mt. Gox's wallets may indicate a need for traders to assess how these movements could influence market sentiment and overall liquidity in the Bitcoin ecosystem moving forward, as Mt. Gox's legacy still looms large over the crypto landscape.
Summary based on original reporting by Gianluca Longinotti at Crypto Adventure, originally published Jun 4, 2026. SolanaWire does not republish source content.
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