Notably, wallets associated with the Mt Gox trustee saw significant withdrawals between December and February - the period in which they were sold - including 18,000 BTC that was moved on February 5. As CoinDesk previously reported, that day saw steep declines across all cryptocurrency markets, pushing prices down roughly 50% from their 2018 highs.
According to Kobayashi's report, additional liquidations could be coming, pending approval from the bankruptcy court.
"I plan to consult with the court and determine further sale of BTC and BCC," he wrote.
As it stands, Kobayashi is in possession of 166,344.35827254 BTC - an amount worth $1.7 billion at press time - as well as about $197 million worth of bitcoin cash.
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