Tether Adds 9,849 BTC Worth $1.09 Billion to Bitcoin Reserves
Tether transferred approximately 9,849 BTC, valued at around $1.09 billion, from Bitfinex to its Bitcoin reserve addresses within a 24-hour period. The transfers occurred in two batches: 961 BTC worth $97.18 million and 8,888 BTC worth approximately $1 billion. The USDT issuer now holds 87,296 BTC valued at approximately $8.84 billion, making it the sixth-largest institutional Bitcoin holder globally.