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International Business Times
International Business Times
Business
Nica Osorio

Stablecoin Giant Withdraws Nearly $400M In BTC From Bitfinex, Becomes 10th Largest Bitcoin Holder

Tether Bitcoin Bitfinex Paolo Ardoino
Pay with Tether (Credit: YouTube Screenshot/Tether Official YouTube Channel)

KEY POINTS

  • Tether withdrew 888.88 BTC from Bitfinex on Monday
  • Tether first revealed its Bitcoin holdings of $1.5 billion in Q1 2023
  • It also announced that it will invest up to 15% of its profit to Bitcoin regularly

Stablecoin giant Tether (USDT) has made a significant move by withdrawing 8,888.88 BTC, worth approximately $379 million, from the Bitfinex exchange, cementing its position as the 10th largest Bitcoin holder.

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