The notorious Mt. Gox exchange has made its first major Bitcoin transaction in weeks, moving over $700 million worth of BTC to unknown wallets.

According to data tracked by Arkham Intelligence, Mt. Gox moved 12,000 BTC worth $709 million to one address and 1,265 BTC worth $75 million to another address early Wednesday morning. The recipient addresses are unknown, fueling speculation that Mt. Gox could distribute more coins to creditors of its remaining Bitcoin supply.

Mt. Gox owes billions to depositors affected by a massive hack in 2014. The exchange has been slow to pay back victims, which has led to selling pressure on markets this summer. They’ve so far returned about 68% of lost user funds. But the defunct exchange still holds about 34,000 BTC, worth nearly $2 billion, even after this week’s transfers.

The market remained unmoved by Mt. Gox’s latest Bitcoin move, which saw BTC remain above $59,000. Some analysts believe that the selling pressure from redemptions is easing as creditors choose to hodle coins.

Mt. Gox victims have defied expectations by apparently holding on to their returned bitcoins rather than selling them outright. Many early adopters see Bitcoin as a long-term investment and are reluctant to sell.

While it’s unclear whether the latest transfer will be sold, it marks Mt. Gox’s first major BTC shift since late July. Such on-chain moves often precede distributions to creditors.