Tether Moves $70.5M in Bitcoin to Corporate Reserve Wallet

TLDR Tether transferred 951 Bitcoin worth about $70.5 million to a treasury-linked reserve wallet. On-chain data shows the transfer originated from a Bitfinex hot wallet. The move follows Tether’s policy to allocate 15% of net realized profits to Bitcoin purchases. Reserve addresses linked to Tether now hold around 97,141 BTC. Tether confirmed that most USDT [...]

The post Tether Moves $70.5M in Bitcoin to Corporate Reserve Wallet appeared first on Blockonomi.