Mt. Gox: $317m worth of BTC & BCH sold since March

988
Mt. Gox

Full details about the latest round of Mt. Gox crypto sales have just been revealed by Nobuaki Kobayashi – the man known as the ‘Tokyo Whale’ because of the large amounts of crypto he controls through his role as the Civil Rehabilitation Trustee of Mt. Gox.

Since March 7, 2018, Kobayashi has overseen the liquidation of 24,658.00762 Bitcoin and 25,331.00761 Bitcoin Cash.

The total proceeds of the sale – JPY25,975,702,352 or AU$317,515,371.01

Mt. Gox
The Summary of Sales, released today (25/9/2018), shows large amounts of BTC and BCH have been off-loaded since March.

It isn’t however the biggest round of sales since Mt. Gox filed for bankruptcy in 2014.

The prior round saw 43 billion Japanese Yen worth of crypto hit the markets – around AU$526m.

The Mt. Gox exchange was handling around 70% of all Bitcoin transactions across the globe in 2013, before the presumed theft of some 850,000 bitcoin belonging to clients prompted the company to file for bankruptcy protection early in 2014.

Click here to read Nobuaki Kobayashi’s full statement.