U.Today – Bitcoin Transfers and Market Insights

Massive Bitcoin Transfers

The analytics account @spotonchain has highlighted significant Bitcoin transfers within the last 24 hours, coinciding with Bitcoin's rise above $107,000.

Overall, over $2.5 billion has been transferred in Bitcoin, with notable involvement from major players including the notorious nonfunctional trading platform Mt. Gox.

Transactions by Mt. Gox and Marathon Digital

Spotonchain noted that two entities executed large transactions totaling 23,664 BTC, valued at approximately $2.51 billion.

• Mt. Gox: This controversial exchange transferred 1,620 BTC (worth $172.5 million) in the last six hours, with a breakdown of 1,320 BTC to its own internal address and 300 BTC to B2C2 Group. Since November, Mt. Gox has moved 7,500 BTC—around $650 million—to B2C2, likely for creditor payouts. The exchange still retains 37,404 BTC, equivalent to $4.02 billion.

• Marathon Digital: The Bitcoin miner transferred an even larger chunk, 22,044 BTC, valued at $2.34 billion, over 14 hours, distributing it across 40 undisclosed wallets. The miner currently holds 14,364 BTC, approximately $1.54 billion.

Robert Kiyosaki's Insights

Investor and author Robert Kiyosaki, known for Rich Dad Poor Dad, tweeted about Bitcoin hitting a record high of $107,780. He emphasized Bitcoin's stability above $106,000 and encouraged his followers to purchase Satoshis, the smallest unit of Bitcoin, noting that even small investments can be valuable as prices rise. Kiyosaki highlighted the accessibility and appeal of accumulating Satoshis before their value also escalates, marking it as a smart investment strategy.

This article was originally published on U.Today