More than 40% of Mt. Gox Bitcoin Distribution, Creditors Hold and Wait for Price to Rise
Publication Time:2024-07-30 20:47:06
Once the subject of controversy due to its failure to repay approximately 127,000 creditors over $9.4 billion in bitcoins, the Mt. Gox company has seen part of its bitcoins distributed to creditors through a plan completed by Kraken. However, the scale of this distribution accounts for only 41.5% of the total debt. It is noteworthy that these creditors have not rushed to sell their bitcoins but have instead chosen to continue holding them, seemingly awaiting an increase in the price of bitcoins. This behavior indicates that creditors generally hold a positive outlook on market prospects. Although the total value of bitcoins held is approximately $4 billion, the pressure on the market from selling has not been significantly increased, showing that the trend of long-term holding in the market still prevails.
Mt. Gox
Bitcoin Distribution
Creditors Holding
Market Price Expectation