Major Bitcoin Sell-Off Averted? Mt. Gox's Largest Creditor Makes Up Its Mind

by Bloomberg, Mt Gox Investment Fund, which purchased claims against the cryptocurrency trading platform, has no intention of disposing of the Bitcoins that are set to be returned later this year.

The fund has opted to receive an early payout in September instead of waiting for the conclusion of all legal proceedings related to the downfall of the exchange. The payout will constitute 90% of the total collectible amount, with approximately 70% of it being in Bitcoin and 30% in cash. However, the exact quantity of Bitcoin that the fund anticipates receiving has not been revealed.UBS strategists have stated that the upcoming Mt.

Creditors are set to receive funds in September, with the option of choosing fiat or crypto payments.

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