Bitcoin
Mt. Gox Repayments Confirmed: Over 32,000 Bitcoin Left

Mt. Gox exchange has made repayments in Bitcoin (BTC) and Bitcoin Cash (BCH) to more than 17,000 eligible rehabilitation creditors. Some have already confirmed receipt through designated cryptocurrency exchanges, such as Kraken.
After a long wait, Mt. Gox and its creditors steadily approach the end of a decade-long ordeal, with markets bracing for impact.
Mt. Gox Still Has Over 32,000 Bitcoin
After making over 17,000 repayments, Mt. Gox still holds 32,899 Bitcoin, worth approximately $2.099 billion at current rates, Arkham data shows. The balance comes after the exchange moved 33,960 BTC worth $2.25 billion to BitGo exchange-owned addresses on July 31. According to Arkham, BitGo is the fifth and final custodian working with the Mt. Gox trustee in the creditor rehabilitation process.

The exchange also moved 33,105 BTC, worth around $2.19 billion, to a new address late Tuesday. This added to the billions of dollars worth of BTC moved to designated crypto exchanges over the past few weeks, including Bitbank, Kraken, Bitstamp, and SBI VC Trade.
In mid-July, for example, Kraken said it successfully received funds From the Mt. Gox trustee and would work to distribute within the next 7-14 days. Recently, Bitstamp indicated plans to start distributing the assets to Mt. Gox creditors starting July 25.
Read more: Top Crypto Bankruptcies: What You Need To Know
According to rehabilitation trustee attorney Nobuaki Kobayashi, repayments to other rehabilitation creditors will be made promptly once certain processes, including due diligence, are completed.
“Repayments to other rehabilitation creditors will be promptly made once the following conditions have been met. (i) confirmation of the validity of registered accounts and other matters; (ii) acceptance of the intention to subscribe to the Agency Receipt Agreement by Designated Cryptocurrency Exchanges etc.; (iii) completion of discussions between the Rehabilitation Trustee and Designated Cryptocurrency Exchanges etc. regarding repayments; and (iv) confirmation that repayments can be made safely and securely. We ask eligible rehabilitation creditors to wait for a while,” Kobayashi wrote.
The repayments come after over a decade of legal processes, with creditors opting to receive BTC rather than fiat. The creditor distribution scheme totals $9 billion worth of crypto recovered from the Mt. Gox exchange collapse.
The exchange was established in 2010, operating as the largest BTC trading platform globally. Tables turned, however, in 2014, when Mt. Gox suffered a major security breach, losing at least 850,000 BTC. As repayments continue, markets brace for a possible impact in case creditors decide to cash out.
Crypto Markets Brace for Impact
Since Mt. Gox went under, the price of Bitcoin has increased significantly, making profit booking possible once some of the traders are compensated.
“It’s impossible to know just how much of these repaid assets will then be sold. The rumors around these are one of the main reasons why Bitcoin and the rest of the crypto market by extension have been struggling in recent weeks. Mt. Gox is a cloud that has been hanging over the crypto market for over a decade now. The sooner the repayments are completely done the better. But until then, there will be continued uncertainty as to just how much Bitcoin and Bitcoin Cash will hit the market and therefore keep prices suppressed,” Coin Bureau’s team said.
Popular trader Daan Crypto Trades also commented on the possible implications. He observed that the supply overhang makes altcoins look more attractive than Bitcoin. Nevertheless, Glassnode recently indicated that long-term holders and investors could absorb some of the sell-side pressure.
Read more: Bitcoin (BTC) Price Prediction 2024/2025/2030
CoinShares researcher Luke Nolan gave a different perspective. He said Bitcoin’s extensive liquidity and the creditor distribution dynamics could soften any potential sales impact. He believes Bitcoin Cash is much more likely to suffer from creditor sales. Alex Thorn, Galaxy’s Head of Research, also said the actual effect of the Mt. Gox distribution on Bitcoin’s selling pressure might be overestimated.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Bitcoin
Strategy Adds 22,048 BTC for Nearly $2 Billion

Michael Saylor announced that Strategy purchased nearly $2 billion worth of Bitcoin. This is a massive leap over last week’s purchase, which was already quite substantial.
Nonetheless, the firm was only able to make this acquisition thanks to major stock offerings. Bitcoin’s price has been sinking over the last few weeks, and this could mature into a potential liquidation crisis.
Strategy Maintains Bitcoin Purchases
Since Strategy (formerly MicroStrategy) began acquiring Bitcoin, it’s become one of the world’s largest BTC holders. This plan has totally reoriented the company around its massive acquisitions, inspiring other firms to take up the same plan.
Today, the firm’s Chair, Michael Saylor, announced another purchase, much larger than the last few.
“Strategy has acquired 22,048 BTC for ~$1.92 billion at ~$86,969 per bitcoin and has achieved BTC Yield of 11.0% YTD 2025. As of 3/30/2025, Strategy holds 528,185 BTC acquired for ~$35.63 billion at ~$67,458 per bitcoin,” Saylor claimed via social media.
Strategy’s latest Bitcoin acquisition, worth just shy of $2 billion, is a major commitment. In February, the firm made a similar $2 billion purchase, and it was followed by a tiny $10 million buy and a $500 million one. The $500 million purchase, which took place on March 24, only happened thanks to a huge new stock offering. This move further cements Strategy’s faith in BTC.
By making these billion-dollar buys, Strategy is able to buttress the entire market’s confidence in Bitcoin. However, investors should be aware of a few potential cracks.
First of all, Bitcoin’s performance is a little subpar at the moment. Despite hitting an all-time high recently, Bitcoin is having its worst quarter since 2019, and there is not much forward momentum.

This could cause a unique problem for the company. Since Strategy is a cornerstone of market confidence, it is unable to offload its assets without jeopardizing Bitcoin’s price.
The firm’s debts are growing at a fast rate, and this could have dangerous implications if Bitcoin keeps falling. Strategy could be forced to liquidate, even if that seems unlikely now.
Still, it’s important to remember that these are only possible scenarios. Strategy has maintained its consistent Bitcoin investments for nearly five years, and it’s paid off tremendously well. However, if it keeps taking on billions in fresh debt obligations, this faith will turn into a gamble with very high stakes.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Bitcoin
BTC Price Rebound Likely as Long-Term Holders Reenter Market

Bitcoin (BTC) is on track to end Q1 with its worst performance since 2019. Without an unexpected recovery, BTC could close the quarter with a 25% decline from its all-time high (ATH).
Some analysts have noted that experienced Bitcoin holders are shifting into an accumulation phase, signaling potential price growth in the medium term.
Signs That Veteran Investors Are Accumulating Again
According to AxelAdlerJr, March 2025 marks a transition period where veteran investors move from selling to holding and accumulating. This shift is reflected in the Value Days Destroyed (VDD) metric, which remains low.
VDD is an on-chain indicator that tracks investor behavior by measuring the number of days Bitcoin remains unmoved before being transacted.
A high VDD suggests that older Bitcoin is being moved, which may indicate selling pressure from whales or long-term holders. A low VDD suggests that most transactions involve short-term holders, who have a smaller impact on the market.

Historically, low VDD periods often precede strong price rallies. These phases suggest that investors are accumulating Bitcoin with expectations of future price increases. AxelAdlerJr concludes that this shift signals Bitcoin’s potential for medium-term growth.
“The transition of experienced players into a holding (accumulation) phase signals the potential for further BTC growth in the medium term,” AxelAdlerJr predicted.
Bitcoin’s Sell-Side Risk Ratio Hits Low
At the same time, analyst Ali highlighted another bullish indicator: Bitcoin’s sell-side risk ratio had dropped to 0.086%.

According to Ali, over the past two years, every time this ratio fell below 0.1%, Bitcoin experienced a strong price rebound. For example, in January 2024, Bitcoin surged to a then-all-time high of $73,800 after the sell-side risk ratio dipped below 0.1%.
Similarly, in September 2024, Bitcoin hit a new peak after this metric reached a low level.
The combination of veteran investors accumulating Bitcoin and a sharp decline in the sell-side risk ratio are positive signals for the market. However, a recent analysis from BeInCrypto warns of concerning technical patterns, with a death cross beginning to form.
Additionally, investors remain cautious about potential market volatility in early April. The uncertainty stems from President Trump’s upcoming announcement regarding a major retaliatory tariff.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Bitcoin
Marathon Digital to Sell $2 Billion in Stock to Buy Bitcoin

Marathon Digital Holdings, one of the largest Bitcoin mining companies in the US, made headlines with its announcement of a $2 billion stock offering to increase its Bitcoin holdings.
This strategic move, detailed in recent SEC filings, shows Marathon’s aggressive approach to capitalize on the growing crypto market.
Marathon’s $2 Billion Stock Offering: Key Details
On March 30, 2025, Marathon Digital Holdings announced a $2 billion at-the-market (ATM) stock offering to fund its strategy of acquiring more Bitcoin. The company filed a Form 8-K with the SEC, outlining its plan to raise capital through the sale of shares, with the proceeds primarily aimed at increasing its Bitcoin holdings.
According to the SEC filing (Form 424B5), Marathon intends to use the funds for “general corporate purposes,” which include purchasing additional Bitcoin and supporting operational needs.
Marathon holds 46,376 BTC, making it the second-largest publicly traded company in Bitcoin ownership, behind MicroStrategy. The company’s Bitcoin holdings have grown significantly in recent years, from 13,726 BTC in early 2024 to the current figure.
“We believe we are the second largest holder of bitcoin among publicly traded companies. From time to time, we enter into forward or option contracts and/or lend bitcoin to increase yield on our Bitcoin holdings.” Marathon confirmed
This $2 billion stock offering continues Marathon’s strategy to bolster its balance sheet with Bitcoin, a move that aligns with its long-term vision of leveraging cryptocurrency as a store of value.
Marathon’s strategy mirrors that of MicroStrategy. MicroStrategy’s stock price has soared with Bitcoin’s value, providing a blueprint for companies like Marathon to follow. By increasing its Bitcoin holdings, Marathon aims to position itself as a leader in the crypto mining sector while diversifying its revenue streams beyond traditional mining operations.
Marathon Digital CEO Fred Thiel advises investing small amounts in Bitcoin monthly, citing its consistent long-term growth potential.
The issuance of new shares to raise $2 billion could dilute the ownership of existing shareholders, potentially impacting the company’s stock price (MARA). As of March 31, 2025, MARA stock has experienced volatility, trading at around $12.47 per share, down from a 52-week high of $24, according to data from Yahoo Finance.
Moreover, Marathon’s heavy reliance on Bitcoin exposes it to the cryptocurrency’s price fluctuations. If Bitcoin’s price were to decline significantly, the value of Marathon’s holdings would decrease, potentially straining its financial position.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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