Tether Boosts Bitcoin Reserves with $700 Million BTC Transfer, Strengthening Cryptocurrency Market Position
Tether recently made a significant move by transferring 7,629 BTC—worth around $700 million—from Bitfinex’s hot wallet to its Bitcoin reserve. This is the largest addition to Tether’s Bitcoin reserves since March 2024. Following this, another transfer took place on December 31, bringing Tether’s total Bitcoin holdings to 82,983 BTC, acquired for $2.99 billion. Tether plans ...
