News Summary

• Gox, the defunct cryptocurrency exchange, has transferred 37,477 Bitcoin (BTC), valued at approximately $2.5 billion, to an unidentified wallet address.
• Gox shifted $2.8 billion in BTC to multiple wallets, with $340 million directed to four wallets linked to Bitstamp, one of five exchanges collaborating with the Mt.
• we think fewer coins will be distributed than people think & that it will cause less #bitcoin sell pressure than market expects Thorne also speculates that individual creditors might not immediately sell their recovered funds, suggesting many Mt.
• we think fewer coins will be distributed than people think & that it will cause less #bitcoin sell pressure than market expectsThorne also speculates that individual creditors might not immediately sell their recovered funds, suggesting many Mt.
• Alex Thorne, head of research at Galaxy Digital, noted in a recent tweet that much of those assets are unlikely to directly impact the spot market: Creditors have been stuck in mt gox bankruptcy for 10+ yrs--finally trustee says in-kind distribution of #BTC #BCH will begin in July.
• Alex Thorne, head of research at Galaxy Digital, noted in a recent tweet that much of those assets are unlikely to directly impact the spot market:Creditors have been stuck in mt gox bankruptcy for 10+ yrs–finally trustee says in-kind distribution of #BTC #BCH will begin in July.