Cryptocurrency exchange Bitfinex has invested an unspecified amount in bitcoin, reports The Block citing their sources. Paolo Ardoino, CTO of the company and issuer of USDT Tether, also noted that the platform is actively developing the ecosystem as a whole:
Previously, Ardoino called on crypto exchanges to re-invest in this segment, thereby accelerating its scaling. In the comments to the publication, CTO Bitfinex and Tether were reproached for not presenting any evidence of the active participation of companies in the development of the ecosystem.
A source from The Block confirmed the fact that the exchange holds a certain amount of bitcoin on its balance sheet. However, he did not provide details.
In early August, it was reported that Tether controlled an account with 55,022 BTC (about $1.6 billion). This makes the company the 11th largest Bitcoin holder.
In May 2023, the firm announced that it would invest up to 15% of its profits in this asset. And the report for the second quarter of 2023 partly confirms this.
However, there is no data on Bitfinex that would indicate investment in bitcoin. In addition, Tether has been repeatedly criticized for not conducting an external audit of its reserves.
Source: Cryptocurrency
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