Mt. Gox moves additional $2.47b in BTC to new wallet, Bitstamp

Mt. Gox recently moved a significant amount of Bitcoin to cryptocurrency exchange Bitstamp amid ongoing creditor payments.

On-chain data provided by Arkham Intelligence shows that the first transaction occurred today at 04:46 UTC and included a movement of 32,371 BTC worth $2.13 billion to the newly activated address ’12Gws9′ and 5,106 BTC worth $336.61 million to the Mt. Gox Cold Wallet (1Jbez). The total amount reaches $2.47 billion.

According to data from Arkham Intelligence, the latest wave of transactions occurred shortly after the now-bankrupt Bitcoin (BTC) exchange transferred 47,000 BTC to two new addresses yesterday, July 23.

Interestingly, a few minutes after receiving the funds, Mt. Gox Cold Wallet (1Jbez) transferred 5,106 BTC tokens to a Bitstamp address.

Bitstamp also received 2,238 BTC from Mt. Gox yesterday, just after a series of test transactions on July 22. These inflows to Bitstamp suggest that the platform may be preparing to repay creditors, especially as Kraken users begin confirming refunds. Kraken acknowledged receiving the tokens on July 16.

Meanwhile, amidst the recent series of transactions, the new wallet in question, ‘12Gws9’, continued to hold the 32,371 BTC received earlier today. In parallel, the address responsible for the initial transaction (15yPU) currently holds an empty balance.

Mt. Gox has continued to release thousands of Bitcoin into circulation since announcing its intention to pay creditors on July 5, with many of those tokens eventually moving to centralized exchanges responsible for initiating those payments.

The bankrupt Bitcoin exchange moved a whopping 96,390 BTC to unidentified addresses on July 16, coinciding with Kraken confirming its creditor balances. However, the latest moves have not impacted the market as expected, with BTC currently changing hands at $66,360, down 0.85% over the past 24 hours.