Tether Increases its Bitcoin Reserves with a $700 Million BTC Transfer

Tether has transferred 7,629 BTC, valued at approximately $700 million, to its Bitcoin reserve address. The transaction originated from Bitfinex’s hot wallet on the morning of December 30. This marks the largest addition to Tether’s strategic Bitcoin reserve since March 2024, when 8,888.88 BTC were moved.  Tether’s Bitcoin Reserves Continue to Grow Another identical transfer occurred on... source: https://beincrypto.com/tether-bitcoin-reserves-700m-transfer/