Wu learned that on chain data shows that Tether's Bitcoin reserve address withdrew 8888 BTC worth approximately $735 million from the Bitfinex hot wallet 5 hours ago. At present, this address holds 92.647K BTC worth 7.65 billion US dollars, and is also the 6th ranked BTC wallet address. Previously, Tether announced in May 2023 that it would regularly allocate 15% of its profits to purchase Bitcoin to enhance its reserves. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=40281