🚀 Tether Withdraws Significant Bitcoin Amount from CEX
#Tether #Bitcoin #CEX #OnChainDetection #Cryptocurrency #Reserve #Blockchain #BitcoinWithdrawal #CentralizedExchange #TetherBTC #BTC
According to BlockBeats On-chain Detection, Tether recently withdrew 8,888.8 BTC, valued at $1 billion, from a centralized exchange (CEX) just 10 minutes ago. Since May 2023, Tether has committed to allocating 15% of its quarterly net profits to purchasing Bitcoin. In the first quarter of this year, Tether similarly acquired 8,888 BTC, then valued at $735 million, transferring them from a CEX hot wallet to Tether's reserve address on the last day of the quarter, March 31.#Tether #Bitcoin #CEX #OnChainDetection #Cryptocurrency #Reserve #Blockchain #BitcoinWithdrawal #CentralizedExchange #TetherBTC #BTC