Mt. Gox Extends Bitcoin Repayment Deadline to Oct. 2026
Mt. Gox has secured Tokyo court approval to extend its Bitcoin repayment deadline for creditors from October 31, 2025, to October 31, 2026. Rehabilitation trustee Nobuaki Kobayashi reports that base repayments, early lump-sum and intermediate phases are largely complete, but many creditors still await payments due to incomplete claims, administrative hurdles and technical delays. The extension allows late filers more time to finalize procedures. Mt. Gox collapsed in 2014 after security breaches and software bugs led to the loss of 650,000–850,000 BTC, of which around 200,000 BTC were recovered. The trustee currently holds about 34,690 BTC, down 75% from mid-2024 levels. Under the November 2021 rehabilitation plan, repayments may be issued at a significant discount to current Bitcoin prices, now near $114,813 (8.8% below its all-time high). Traders should monitor on-chain flows and court updates, as postponed Bitcoin repayments prolong uncertainty around large BTC distributions and could affect market liquidity.
Neutral
The extension of the Mt. Gox Bitcoin repayment deadline delays the distribution of a potentially large volume of BTC to creditors, thereby reducing immediate selling pressure and mitigating short-term bearish impact. However, the prolonged uncertainty may weigh on market sentiment over the medium term as traders remain cautious about future on-chain BTC movements. Consequently, this development is likely to have a neutral effect on Bitcoin prices: it prevents sudden supply shocks while maintaining ambiguity around large-scale distributions.