TechFlow news, on July 30, according to Cointelegraph citing Glassnode data, the distribution of Bitcoin from Mt. Gox has exceeded 41.5% of the 141,686 Bitcoins owed—specifically 59,000 Bitcoins worth approximately $4 billion.
According to a Glassnode report on July 29, although Mt. Gox creditors have received nearly $4 billion worth of Bitcoin, they have not sold it. Creditors have chosen to reclaim their assets in Bitcoin rather than fiat currency—a new approach under Japanese bankruptcy law. As a result, only a portion of the distributed Bitcoin may actually be sold into the market.
Add to Favorites
Share to Social Media
