The company filed for Chapter 15 bankruptcy protection in March to prevent U.S. customers who had filed a class action lawsuit from seizing its U.S. assets, such as computer servers, and demanding evidence and access to Mt.Gox executives.
Since then, the company and the class action plaintiffs reached a settlement, which is awaiting final approval by a federal court in Chicago.
Judge Stacey Jernigan of the U.S. Bankruptcy Court in Dallas granted recognition of the Chapter 15 case, which allows Mt.Gox's foreign representative to file lawsuits and pursue potential funds to repay creditors.
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Under the deal, U.S. and Canadian customers will split the 200,000 bitcoins held by Mt.Gox and share in a 16.5 percent stake after Mt.Gox is sold.
Sunlot, a firm backed by child actor-turned entrepreneur Brock Pierce and venture capitalist William Quigley, has proposed buying Mt.Gox for one bitcoin, or around $600.
The Sunlot deal must be approved by the Tokyo District Court overseeing its bankruptcy.