Mt. Gox Delays Creditor Repayment to October 2026, Holds 34,689 BTC
Mt. Gox has extended its creditor repayment deadline from October 31, 2025, to October 31, 2026, marking the third delay in Mt. Gox’s bankruptcy rehabilitation process. The trustee reports base repayments, early lump-sum payouts and intermediate distributions are largely completed for 19,500 eligible creditors. Creditors with unresolved applications will face further delays. Distributions to date include Bitcoin (BTC) and Bitcoin Cash (BCH), delivered via exchanges such as Kraken and Bitstamp. The trustee still holds 34,689 BTC (approximately $4 billion) awaiting distribution. Tokyo court approval days before the prior deadline prolongs uncertainty but stabilises the asset distribution schedule. Traders should note that the deadline shift smooths the creditor repayment process but is unlikely to prompt immediate market reactions in BTC or the broader crypto market.
Neutral
The extension ensures a more orderly asset distribution and reduces the risk of a large, sudden influx of BTC supply, which could weigh on prices. However, the delayed timeline also postpones market rebalances from creditor liquidations. As a result, the net effect on Bitcoin’s price in both the short and long term is likely to be muted, producing a neutral market response.