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Tether Becomes the Tenth Largest Bitcoin Holder

As a notable development today, leading stablecoin provider Tether performed a significant withdrawal transaction of approximately 379 million dollars worth of 8888.88 BTC from Bitfinex. This strategic move has made Tether the tenth largest BTC holding address in the crypto space. While Tether’s BTC assets currently stand at 66,465.2 BTC, equivalent to 2.82 billion dollars, the crypto community is keenly observing the consequences of this significant change. The decision to withdraw a significant amount of Bitcoin from Bitfinex underscores Tether’s proactive approach to managing its cryptocurrency assets.

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