On September 30, blockchain data showed Tether transferring 8,888.889 Bitcoin into its reserve wallet. At the time of the move, the transaction was valued at approximately $1 billion. The coins came from a Bitfinex hot wallet, a connection that has been noted in previous reserve operations. Both firms are under the same parent company, which strengthens the link to Tether’s balance sheet strategy. This action follows a policy introduced in 2023. Tether stated that it would allocate up to 15% of its net p ...