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Mt. Gox Investment Fund to Hold Bitcoin Despite Receiving Payouts

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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. Go

Mt. Gox Investment Fund to Hold Bitcoin Despite Receiving Payouts

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:


According to reports from credible sources, the Mt. Gox Investment Fund, which happens to be the largest creditor of the bankruptcy of the cryptocurrency exchange Mt. Gox, intends to hold Bitcoin rather than selling them. Earlier this year, the fund decided to accept early payments of their share of the proceeds from Mt. Gox’s bankruptcy proceedings. As a creditor, the fund is entitled to receive payouts in proportion to their claims against the exchange. By choosing to accept early payments, the fund is foreclosing the possibility of receiving a larger payout if additional assets are discovered or if the bankruptcy proceedings are concluded more favorably.

The person familiar with the matter also disclosed that the fund intends to acquire 90% of the remaining assets of Mt. Gox, and will pay approximately 70% in Bitcoin and 30% in cash. However, the exact amount of Bitcoin the fund expects to receive has not been disclosed. This move underscores the growing acceptance of Bitcoin as an alternative asset class by traditional investment funds, and also represents a high level of confidence in the long-term sustainability of Bitcoin as a store of value.

One possible explanation for the Mt. Gox Investment Fund’s decision to hold Bitcoin rather than sell is that they believe the cryptocurrency will appreciate over time. Bitcoin’s supply is limited, which makes it deflationary in nature. Its status as the first and most well-known cryptocurrency also gives it a certain degree of stability and trust among investors. Additionally, institutional investors entering the market may help to stabilize Bitcoin prices over time. Therefore, holding onto Bitcoin may prove to be a more lucrative choice compared to liquidating it.

In conclusion, the Mt. Gox Investment Fund’s decision to hold Bitcoin despite receiving payouts reveals their bullish sentiment towards the cryptocurrency. This is a noteworthy development in the evolving cryptocurrency industry, since traditional investment funds are increasingly embracing cryptocurrencies. It remains to be seen whether holding Bitcoin will prove to be a wise decision in the long-term, or if selling immediately would have been more profitable.

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