Largest Creditor of Bankrupt Mt. Gox Exchange to Hold Onto Returned Bitcoin – Huge Selling Pressure Averted?

As the bankruptcy proceedings of Mt. Gox continue, new developments have emerged regarding the Mt Gox Investment Fund, the exchange's largest creditor.

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A person familiar with the fund’s activities who asked not to be identified told Bloomberg that the Mt Gox Investment Fund’s strategy is to hold the digital assets that are scheduled to be returned this October.

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As part of the arrangement, the Mt. Gox Investment Fund is set to receive 90% of what can be collected, with a ratio of approximately 70% Bitcoin (BTC) and 30% cash, according to an anonymous source.

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As part of the arrangement, the Mt. Gox Investment Fund is set to receive 90% of what can be collected, with a ratio of approximately 70% Bitcoin (BTC) and 30% cash, according to an anonymous source.

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