Tether withdrew 8,888 BTC from Bitfinex 10 minutes ago

BlockBeats News, September 30, according to Onchain Lens monitoring, Tether withdrew 8,888.8 BTC from Bitfinex 10 minutes ago, worth 1 billion U.S. dollars.

Since May 2023, Tether announced that it will use 15% of its quarterly net profit to purchase Bitcoin. In the first quarter of this year, Tether also bought 8888 BTC, worth 735 million U.S. dollars at the time, also transferring from Bitfinex hot wallet to Tether's reserve address on the last day of the quarter (March 31).