- Mt. Gox delays Bitcoin repayments to October 2026 easing near-term market supply.
- American Bitcoin Corp raises holdings to 3,865 BTC after adding 1,414 BTC.
- ABTC stock climbs over 10% as Eric Trump signals further Bitcoin acquisitions.
Mt. Gox has extended its long-pending Bitcoin (BTC) repayments by another year, pushing the deadline from October 31, 2025, to October 31, 2026. The Tokyo District Court approved the new timeline, following a request from rehabilitation trustee Nobuaki Kobayashi. The delay affects thousands of creditors who have awaited repayment since the exchange’s collapse more than a decade ago.
According to the latest court notice, the extension was granted to ensure that repayments could be completed “to the extent reasonably practicable.” Kobayashi noted that the delay was due to administrative challenges, including incomplete documentation and technical issues affecting creditor verification and fund transfers.
The postponement reduces short-term selling pressure on Bitcoin by keeping an estimated 34,000 BTC out of circulation. Market analysts view the development as a stabilizing factor for supply dynamics, particularly as investors await potential changes in U.S. monetary policy. Expectations that the Federal Reserve may end quantitative tightening this week have further supported market optimism for Bitcoin’s near-term performance.
American Bitcoin Corp Boosts Accumulation Strategy
In parallel with the Mt. Gox delay, American Bitcoin Corp (ABTC), a U.S.-based firm with reported ties to the Trump family, disclosed an additional Bitcoin acquisition. The company purchased 1,414 BTC, raising its total holdings to 3,865 BTC, according to its most recent corporate filing.
ABTC’s internal data shows that its “Satoshis Per Share” (SPS) metric, a measure of Bitcoin owned per share, has increased by 52% since September 1. The firm’s integrated mining and acquisition model reportedly helps lower its cost basis compared to companies that acquire Bitcoin solely from the market.
Executive chairman Asher Genoot stated that operational efficiencies in the firm’s mining infrastructure contributed to this cost advantage. He emphasized that the company’s approach allows it to sustain consistent accumulation even amid market fluctuations.
ABTC Shares Rise Following Disclosure
Following the announcement, ABTC shares rose more than 10% on Nasdaq, reaching $6.21, according to TradingView data. Bitcoin traded around $114,970 at the time, posting a modest 0.37% gain over the day.
Eric Trump, co-founder and chief strategy officer at American Bitcoin, confirmed the update through a post on X, stating that the company intended to continue its Bitcoin purchasing strategy. The market response reflected renewed investor interest following the firm’s expanded holdings.
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About the Author: Peter Mwangi
