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Tether shifts $780M in Bitcoin to reserve — its biggest move in 9 months

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Tether shifts 0M in Bitcoin to reserve — its biggest move in 9 months
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Tether shifts $780M in Bitcoin to reserve — its biggest move in 9 months

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Source: Coin Telegraph

Stablecoin issuer Tether has moved over 8,400 Bitcoin to its reserve in its biggest move since March.

Stablecoin issuer Tether moved nearly $780 million worth of Bitcoin into its corporate Bitcoin reserve in its largest move since March.

Arkham Intelligence shows wallets tagged for Tether’s Bitcoin (BTC) reserve as having received separate transfers of around 7628.9 BTC and 775.6 BTC on Dec. 30, totaling just under 8404.5 BTC.

The latest BTC additions are worth a total of $777.4 million, with Bitcoin hovering around $92,500. It brings Tether’s total holdings to 83,759 BTC, worth just under $7.75 billion.

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Author: Jesse Coghlan

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