The notorious Mt. Gox<\/a> exchange has made its first major Bitcoin transaction in weeks, shifting over $700 million worth of BTC to unknown wallets.<\/p>\n According to data tracked by Arkham Intelligence<\/a>, Mt. Gox moved 12,000 BTC worth $709 million to one address and 1,265 BTC worth $75 million to another early Wednesday. The recipient addresses are unknown, sparking speculation that Mt. Gox could distribute more coins to creditors from its remaining Bitcoin hoard.<\/p>\n Mt. Gox owes billions to depositors affected by its massive 2014 hack. The exchange has been slowly reimbursing victims, putting selling pressure on markets this summer.\u00a0 They have returned about 68% of lost user funds so far. But the defunct exchange still holds around 34,000 BTC worth nearly $2 billion even after this week’s transfers.\u00a0<\/p>\n The market remained unfazed by Mt. Gox’s latest Bitcoin movement, with BTC holding above $59,000<\/a>. Some analysts think the selling pressure from reimbursements is fading as creditors opt to hodl coins.<\/p>\n Mt. Gox victims have defied expectations by seemingly holding rather than instantly selling their returned bitcoin. Many early adopters view Bitcoin as a long-term investment and are reluctant to sell.<\/p>\n