Large Mt. Gox Creditors Unperturbed by Looming Bitcoin Payout

As the defunct exchange Mt. Gox inches closer to returning roughly $9 billion in Bitcoin a decade after filing for bankruptcy, crypto investors are increasingly fretting that will dampen prices. Perhaps they shouldn’t be.

The price of the largest cryptocurrency slumped earlier this week after Mt. Gox’s Japanese trustee began moving tokens around in digital wallets. In a May 28 note, trustee Nobuaki Kobayashi said it plans to start distributing Bitcoin and Bitcoin Cash to creditors in “a while.” A majority of the claimants are expected to receive tokens before the end of October.

But big creditors and long-time market ...