No, Mt. Gox Payouts Aren't Going to Torpedo Bitcoin's Price – CoinDesk

No, Mt. Gox Payouts Aren't Going to Torpedo Bitcoin's Price – CoinDesk

That said, Mt. Gox wasn’t able to get back the stolen bitcoins, so the trustee is not actually paying out 850,000 BTC to creditors. Mt. Gox only holds around 141,686 BTC, 142,846 bitcoin cash (BCH) and 69,776,002,441 yen (~$3.2 billion, all told). So instead of a one-time 850,000 BTC liquidation, a worst-case scenario would look like this: 100% of creditors opt for the trustee to liquidate, and the trustee opts to do that all in one fell swoop and sell 141,000 BTC. That represents 8.8% of…


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