Mt. Gox has moved approximately 12,000 BTC ($709.4M) to a new wallet and 1,265 BTC ($74.8M) to a known cold wallet, marking its first major transaction since late July. Galaxy’s Alex Thorn believes most of the funds are being stored rather than distributed. This follows the July 30 transfer of 47,229 BTC, suspected to be linked to BitGo. Currently, 68% of Mt. Gox’s funds have been distributed.