Tether Transfers 7,629 Bitcoin to Strategic Bitcoin Reserve

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Stablecoin Tether has transferred 7,629 bitcoin to its strategic bitcoin reserve account, a transaction totally about $700 million. The move occurred on Monday, December 30th from a Bitfinex exchange hot wallet.

Tether holds over 82,000 bitcoin, with a value of more than $7.6 billion. Tether announced plans to allocate up to 15% of its profits into bitcoin in May 2023.

(source)

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