Failed Bitcoin exchange MtGox said it had found 200,000 coins worth $116 million in an old ‘digital wallet’, after it collapsed in February admitting it had lost half a billion dollars in a possible theft.

The Tokyo-based digital currency exchange filed for bankruptcy protection in Japan last month, saying it had lost 850,000 coins worth nearly $500 million at present prices.

But 200,000 Bitcoins were left in a ‘wallet’ used before June 2011, the company said in a statement on its website on Thursday.

Bitcoin wallets are used for online transactions between currency holders.

The new find would be worth $116 million, according to the CoinDesk Bitcoin price index. The discovery has been reported to the court overseeing the case, the statement said. — AFP