Mt. Gox Repayment Deadline Extended to October 2027

The fourth consecutive one-year slippage in Mt. Gox distributions is now the defining pattern of the estate, not an exception, and the court's willingness to keep granting extensions suggests administrative complexity rather than a near-term resolution. The roughly 34,400 BTC still on-chain is the figure that matters: it represents a persistent overhang whose timing keeps receding, dulling the market's ability to price any release. Creditors waiting on base and lump-sum payments bear the cost of the delay. Whether this becomes a fifth extension, or whether the remaining on-chain balance begins to move before the new deadline, is the open question worth watching.