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Mt. Gox Investment Fund to Hold on to Bitcoin Payments

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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. G…

Mt. Gox Investment Fund to Hold on to Bitcoin Payments

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:


The Mt. Gox cryptocurrency exchange is remembered as a cautionary tale among those who invest in virtual currencies. In 2014, the exchange filed for bankruptcy protection after over $450 million worth of bitcoins were stolen from its digital wallets. The company’s CEO, Mark Karpeles, was later arrested in Japan and charged with fraud and embezzlement.

Mt. Gox Investment Fund, the largest creditor of the bankrupt exchange, has decided to hang on to its bitcoin payments instead of selling them. The fund chose to accept early payments in September instead of waiting for lawsuits against Mt. Gox to be resolved. According to sources, the investment fund will receive its payments in a ratio of 70% Bitcoin and 30% cash, but they declined to say how much bitcoin the fund expects to receive.

The decision to hold on to Bitcoin can be seen as a sign of the investment fund’s confidence in the cryptocurrency’s long-term value. The fund could have easily sold the bitcoin payments for cash, but instead, it opted to acquire most of the remaining assets of Mt.Gox. This could be the result of a strategic move to take advantage of the substantial increase in cryptocurrency prices, which have seen a 300% rise in bitcoin value in 2020 alone. By holding on to their bitcoin payments, the investors can take advantage of the skyrocketing prices and maximize their returns.

It is important to note that the bankruptcy of Mt. Gox was not only financially devastating but had a significant impact on the reputation of cryptocurrency as a legitimate investment option. However, the decision of the Mt. Gox Investment Fund to hold on to their bitcoin payments can be seen as a positive sign that institutional investors are willing to remain invested in virtual currencies.

In conclusion, the decision of the Mt. Gox Investment Fund not to sell its bitcoin payments is a positive signal for the virtual currency market. The move shows that institutional investors are confident in the long-term viability of virtual currencies and are willing to hold on to them for the potential of higher returns. The legacy of Mt. Gox may continue to haunt the cryptocurrency market, but the fact that there are still investors willing to invest in bitcoin is a sign of hope for the future of digital currencies.

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