The Chief Executive Officer of MtGox has said that the company has been able to find almost 200,000 bitcoins that were earlier believed to have been lost.

CEO Mark Karpeles said that Mt. Gox of Torkyo, which was of the world's largest exchange for digital currency transactions, has found 200,000 bitcoins that were considered lost. The missing coins were with the firm that was believed to have no bitcoins. However, after the application for civil rehabilitationthese wallets were rescanned and their balance researched, according to Mr Karpeles. One wallet contained a balance of 199,999.99 bitcoins.

The currency did not have much value earlier but its value increased significantly after online traders began using it for business purposes. The value of increasing popular cyber currency, Bitcoin has risen to the mark of $1,000 for the first time since it was created.

The currency can be bought, sold and even 'mined' by cyber enthusiasts who use powerful computer hardware and software resources who solve maths problems. Bitcoinsonly as units of digital data and are not backed by a central bank but the currency has been gaining popularity and recognition among the online users community across the world. The currency was created by an anonymous Japanese computer science student using the pseudonym Satoshi Nakamoto. It was first used by hackers for making exchanges and is now emerging as the de-facto unofficial currency for the internet.