17 Sep '13, 10am

World's largest Bitcoin exchange out £6 million

World's largest Bitcoin exchange out £6 million

$10 million is a significant chunk of the total revenues Mt. Gox is thought to have earned since it was founded in 2010. The company has earned between $8 million (£5 million) and $9 million (£5.6 million) in US dollar trades, and another 250,000 bitcoins from digital currency transactions, says Greg Schvey, head of research with The Genesis Block, a Bitcoin analysis firm that has looked at Mt. Gox's trading data. Although we don't know how many Mt. Gox has retained, a quarter-million bitcoins would be worth about $32 million (£20 million) at today's rates, by the way, more than enough to weather Mt. Gox through its current woes.

Full article: http://www.wired.co.uk/news/archive/2013-09/17/worlds-lar...

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