Mt. Gox moves 32,371 Bitcoin worth around $2.19 billion to two wallets

Mt. Gox, once a prominent cryptocurrency exchange, recently transferred a staggering $2.19 billion worth of Bitcoin to undisclosed wallets, marking one of its largest transactions this year. The transfer involved over 30,000 Bitcoin sent to one wallet and 2,000 Bitcoin moved to a cold wallet before reaching another destination.

This activity follows a previous transfer of 500 Bitcoin valued at over $35 million just days earlier. Earlier in May, Mt. Gox had moved more than $9 billion in Bitcoin, followed by another $2.8 billion in July, actions believed to be part of preparations for repaying creditors who have been waiting since the exchange's collapse in 2014.

The repayment deadline has been extended to October 31, 2025, due to delays in creditors completing necessary steps and complications in the repayment process.

In the broader cryptocurrency market, Bitcoin has recently surged to over $75,000, driven by significant market activity, including a $94 million liquidation of short positions. This price increase coincided with favorable early voting results for Republican candidate Donald Trump, who is perceived as more crypto-friendly than his Democratic rival, Kamala Harris.

As Trump's chances of winning the presidency rose to 85% on betting platforms, Bitcoin saw a remarkable 7.5% increase in just one day. Additionally, Bitcoin is currently trading at a premium on Coinbase, reflecting renewed interest from U.S. investors.

Dogecoin has also made headlines, experiencing a nearly 20% rise since Tuesday and over 65% growth in the past month, solidifying its position as a leading cryptocurrency performer.