Tether Bitcoin reserve address transfers 14,000 BTC worth $1.48 billion
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BlockBeats reports that on June 3, according to EmberCN monitoring, Tether's Bitcoin reserve address transferred 14,000 BTC, valued at $1.48 billion, 5 hours ago. The purpose of this transfer is currently unknown.
The number of BTC held by Tether's on-chain address is currently around 98,000, which aligns with their previously stated BTC reserve amount of 100,000.
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