In the period from 7 March to present, Trustee closed in 2014 year, the cryptocurrency exchange, MtGox, Nobuaki Kobayashi has sold digital assets at 25.98 billion yen ($230 million) to BTC and BCH. A summary of the sales were published on the company website today only, September 25.
The document does not specify the date of the transaction or the mechanism that we used. It is noted that sell cryptocurrency, Kobayashi began after the tenth meeting of creditors held on 7 March. It is known that during the previous round was sold scriptactive 43 billion yen ($406 million) — information about this appeared six months ago.
All in all, since March this year, Kobayashi sold 24 BTC and 25 658 331 BCH. After the liquidation account of the stock exchange were about 70 059 million yen ($620 million).
According to Bloomberg, considering the number sold during this period, coins and received money for them, in the course of liquidation of one BTC was sold at an average of $8100.
It is worth noting that in the past some members of the crypto community have accused Kobayashi, who is also called “Tokyo China”, that his actions have a negative impact on the price of bitcoin and the entire market of digital assets in General.
Recall that in June it became known that creditors were hacked in 2014 MtGox exchange will be able to recover their money in bitcoin in the early to mid-2019 — Tokyo court decided to suspend the bankruptcy procedure of the company and begin the process of civil rehabilitation. The petition was filed in October 2017.
How, then, said Kobayashi, the process of civil rehabilitation provides the opportunity to return the bitcoins and not cash payment for them at a price that existed at the time of the burglary (about $440 per coin) that is provided by bankruptcy.
At that time, Kobayashi also stated that it will no longer sell BTC and BCH from the accounts of closed exchange for payments to creditors of the company, as he did earlier.
In the period from December 2017 to February 2018 he sold coins for more than $400 million. Kobayashi argued that liquidated the assets in such a way as not to affect their cost. However, even the hidden flow of such quantity of the asset at the market can affect the price, so many analysts have linked the fall of bitcoin prices with this bulk sale.