Bankrupt Mt. Gox’s Largest Creditor Plans to Keep Returned Bitcoin

From bnnbloomberg.ca

The largest creditor of the failed Mt. Gox crypto exchange intends to hold rather than sell the Bitcoin that’s due to be disbursed to it this year. The Mt Gox Investment Fund — which bought claims against the bankrupt digital-asset platform — doesn’t plan to sell the tokens that are scheduled to be returned in September, according to a person familiar with the fund’s thinking, who asked not to be identified discussing private information. The fund chose an early payout in September instead of waiting for all the litigation over the collapsed exchange to be resolved. It will get 90% of what’s collectible ... (full story)