Mystery Wallet Tied to Tether Claims Spot as Tenth Largest Bitcoin Holder
A bitcoin wallet, potentially linked to Tether, the leading stablecoin issuer, has risen to become the tenth largest holder of bitcoin, accumulating 8,888 bitcoin from Bitfinex as the year concluded.
The wallet now holds approximately 66,465.20 bitcoin, valued at nearly $3 billion. This wallet previously gained attention on August 5, 2023, ranking as the 11th largest, with speculation about its association with Tether. On December 31, 2023, a significant transfer of 8,888.88 BTC from Bitfinex fueled speculation further, with observers noting its rapid ascent and unrealized profits exceeding a billion dollars.
Bitfinex, a prominent exchange with the second-largest BTC wallet valued at close to $10 billion, owns the wallet that initiated the transfer, labeled “bc1qg.” Despite rumors, the secretive nature of such large-scale bitcoin holdings makes it challenging to definitively confirm ownership by Tether without explicit verification from the company.
Clever Robot News Desk 5th January 2024
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