Another Year, Another Delay: Mt. Gox Extends $4 Billion Bitcoin Repayments to 2026

Mt. Gox’s trustee has postponed the final Bitcoin repayments by another year to October 31, 2026, keeping 34,689 BTC ($4 billion) locked and delaying potential market pressure.

Repayment Extension: Easing Sell-Off Fears

The extension, approved by the court, addresses verification issues for remaining creditors, ensuring “reliable” distributions. Over 19,500 creditors have received $9 billion in BTC and BCH since July 2024, but 34,689 BTC remains, per Arkham data. This delay, the third since 2023, removes near-term supply overhang, as past sales via Kraken and Bitstamp caused minor volatility. Trustee Nobuaki Kobayashi stated the change prioritizes “reliable repayments” without altering legal eligibility.

  • Remaining Assets: 34,689 BTC ($4B); BCH and cash options.
  • Past Distributions: $9B to 19,500 creditors.
  • Processing: Staggered via exchanges; OTC to avoid dumps.

Market Reaction: BTC Jumps 4% to $115,559

Bitcoin rallied 4% to $115,559 on the news, with analysts viewing the delay as bullish, reducing FUD from a sudden flood. Coinbase noted it “assuages near-term concerns around supply overhangs.” Trading volume hit $50 billion+, with RSI at 55 signaling momentum.

2025 Outlook: $130K-$200K Consensus

Forecasts see BTC at $130K-$200K by year-end. Changelly projects $123,849; CoinDCX $131,500. VanEck targets $180K-$200K on ETF inflows ($50B YTD).

For investors, how to buy Bitcoin via compliant platforms ensures entry. How to sell Bitcoin and how to cash out Bitcoin offer liquidity. Sell Bitcoin for cash and convert Bitcoin to cash enable fiat conversions.

Trading Strategy: Longs with Caution

Short-term: Long above $115,000 targeting $120,000, stops at $112,000 (2% risk). Swing: Accumulate dips, staking for 5% APY. Watch $115,559 breakout; below $112,000, exit.

In summary, Mt. Gox’s 2026 delay eases BTC pressure, bolstering 2025’s bullish outlook.

BTC0.79%
BCH0.91%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)