– They’re Not Selling: Over 41.5% Of Mt.Gox Bitcoin Distributed As Creditors Continue To HODL:
Nearly half of the Bitcoin owed to Mt. Gox creditors has been distributed, but after a decade of waiting, many creditors are still holding onto their coins.
Over 41.5%, or 59,000 Bitcoin from the total of 141,686 BTC, has been redistributed to creditors of the defunct Mt. Gox exchange.
Despite receiving nearly $4 billion worth of Bitcoin, the Mt. Gox creditors aren’t selling, according to a July 29 Glassnode report.
“Creditors opted to receive BTC, rather than fiat, which was new in Japanese bankruptcy law… As such, it is relatively likely that only a subset of these distributed coins will be truly sold onto the market.”
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