Mt.Gox Trustee Sells $140 Million Worth of Bitcoin – But BTC Remains Stable

Mt. Gox Trustee

16,000 Bitcoin – totaling just over $140 million – was sold by Nobuaki Kobayashi, a Mt. Gox Trustee, in a move that took an increasingly optimistic Bitcoin community by surprise.

The move triggered some nervousness because a previous similar course of actions by the man known as “The Tokyo Bitcoin Whale” (the selling of 400M$ in BTC) was pointed as the cause of a bearish streak that ended with a fall in BTC prices of almost 40%.

With similar precedent, negative opinions did not take long, including several media outlets rushing to sell the ...

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