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Mt. Gox Investment Fund to Hold Bitcoin Payment Instead of Selling

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According to reports, according to people familiar with the matter, Mt. Gox Investment Fund, the largest creditor of the bankrupt cryptocurrency exchange Mt. Go

Mt. Gox Investment Fund to Hold Bitcoin Payment Instead of Selling

According to reports, according to people familiar with the matter, Mt. Gox Investment Fund, the largest creditor of the bankrupt cryptocurrency exchange Mt. Gox, intends to hold rather than sell the Bitcoin that will be paid to it this year. The fund chose to pay in advance in September instead of waiting for all lawsuits to be resolved. The person said that it would acquire 90% of the remaining assets of Mt.Gox at the ratio of about 70% Bitcoin and 30% cash. They declined to say how much bitcoin the fund expects to receive.

Mt. Gox’s largest creditor plans to retain the returned bitcoin

Analysis based on this information:


Recently, reports have surfaced regarding Mt. Gox Investment Fund, the biggest creditor of the defunct cryptocurrency exchange Mt. Gox, choosing to hold Bitcoin instead of selling it upon receipt. The decision comes after the fund opted to receive an advance payment in September instead of prolonged waiting for litigation results. As per a person familiar with the matter, the investment fund intends to acquire around 90% of Mt. Gox’s remaining assets, which will be constituted of approximately 70% Bitcoin and 30% cash.

Mt. Gox was once the biggest Bitcoin exchange globally, until its downfall in 2014 due to an infamous hack where 850,000 Bitcoin worth $460 million was stolen. The exchange filed for bankruptcy shortly after. The subsequent years saw the civil rehabilitation proceedings that sought to identify and distribute the recovered assets of the exchange’s victims. Mt. Gox Investment Fund is a recipient of the recovery effort, as it claimed to have $1.2 billion of lost Bitcoin in the exchange. The Bit coin acquired by the fund will be paid out as per the civil rehabilitation plan, which requires that creditors receive their payments in bitcoin instead of fiat.

The decision to hold Bitcoin instead of selling upon receipt is significant, as it indicates a long-term bullish outlook on the asset’s future value. It is also an indication of the investment fund’s willingness to hold on to lost Bitcoin, despite given the opportunity to make returns from selling it. Although it is unclear how much bitcoin the fund expects to receive, it is safe to assume that the amount will be substantial enough for the investment fund to choose to hold.

In conclusion, the decision by Mt. Gox Investment Fund to hold Bitcoin payments instead of selling them is a clear indication of a bullish outlook on the cryptocurrency market’s future value. The investment fund’s willingness to hold on to its lost Bitcoin despite being given the opportunity to sell them shows its long-term investment strategy. This, in turn, could lead to an increase in demand for Bitcoin, which could escalate its price.

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