[Tether Withdraws 8,888 BTC Worth $1 Billion from Bitfinex] According to Onchain Lens monitoring, Tether withdrew 8,888.8 bitcoins from Bitfinex 10 minutes ago, valued at approximately $1 billion. Since May 2023, Tether announced that 15% of its quarterly net profits would be used to purchase bitcoin. In the first quarter of this year, Tether also withdrew the same amount of bitcoin from Bitfinex at the end of the quarter, which was then valued at approximately $735 million.