Mt. Gox has once again pushed back its long-awaited Bitcoin (BTC) creditor repayments by a full year. The Tokyo-based trustee overseeing the exchange’s bankruptcy confirmed that the deadline has moved from October 31, 2025, to October 31, 2026.
Mt. Gox Extension Eases Bitcoin Supply Pressure
According to the official notice, the extension has been approved by the court. It affects thousands of creditors who have been waiting for over a decade to recover their lost Bitcoin.
Rehabilitation trustee Nobuaki Kobayashi said the delay became necessary because many creditors have yet to complete their required repayment procedures. Others faced processing issues that prevented successful distribution.
The trustee stated that the extension would allow more creditors to receive payments “to the extent reasonably practicable.” This delay temporarily eases selling pressure on Bitcoin and could provide price stability in the short term.
The calmer supply outlook also comes as traders anticipate macroeconomic boosts. Expectations are rising that the Federal Reserve will end quantitative tightening this week.
If it happens, it could strengthen Bitcoin’s rally momentum. The Mt. Gox collapse remains one of the largest bankruptcies in the industry’s history.
Trump-Backed American Bitcoin Expands Holdings
While Mt. Gox repayments are delayed, another Bitcoin-related announcement is grabbing investor attention in the United States. American Bitcoin Corp, a company linked to the Trump family, revealed it has purchased an additional 1,414 BTC.
This brings its total holdings to 3,865 BTC, according to its latest filing. The company’s latest update shows its “Satoshis Per Share” (SPS) value (Bitcoin ownership per share) has risen by 52% since September 1.
This aligns with a broader corporate accumulation trend seen across the market. Firms like MicroStrategy continue to expand their Bitcoin reserves. The Michael Saylor-chaired company recently added 390 BTC to its holdings.
Asher Genoot, American Bitcoin’s executive chairman, highlighted that their integrated mining operations reduced the average cost per BTC. He said this approach gives the company a structural advantage compared to firms that only buy Bitcoin from the open market.
ABTC Shares Jump 10% as Eric Trump Signals More Purchases
The firm, trading under the ticker ABTC on Nasdaq, describes itself as a Bitcoin accumulation platform. Following the announcement, ABTC’s stock price surged more than 10% to $6.21, according to TradingView data.
American Bitcoin Corp shares climbed after revealing a 1,414 BTC purchaseThis reflects renewed investor optimism about the company’s growth strategy. Meanwhile, BTC price was around $114,970, up 0.37% on the day.
Eric Trump, the company’s co-founder and chief strategy officer, confirmed the update in a post on X. He said, “We are just getting warmed up! Incredibly excited about $ABTC and what we are building.”
Source: https://coingape.com/mt-gox-delays-repayments-as-american-bitcoin-add-to-holdings/
