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Massive Bitcoin Transfers: Binance, Kraken, and Tether Move Billions

Whale Alert reveals over $203 million in Bitcoin moved from Binance and Kraken to anonymous wallets, while Tether transfers $4 billion in BTC.
Published on 2025-06-03

Massive Bitcoin Transfers: Binance, Kraken, and Tether Move Billions

Whale Alert has uncovered three significant Bitcoin transfers totaling over $203 million from major exchanges Binance and Kraken. The transactions, which occurred over five hours, involved 896 BTC, 530 BTC, and 504 BTC moving to anonymous wallets. These withdrawals followed a series of massive Bitcoin movements by Tether, including a staggering 10,500 BTC (worth over $1 billion) transferred from Bitfinex to an anonymous wallet. An additional 14,000 BTC (valued at $1.46 billion) was moved earlier, bringing Tether's total BTC transfers to approximately 37,229 BTC, equivalent to nearly $4 billion.

Tether CEO Explains Bitcoin Transfers

Paolo Ardoino, CEO of Tether, revealed that these transfers are part of the prefunding for SoftBank's entry into Twenty One Capital, a Bitcoin-focused investment fund launched in April. The fund aims to hold Bitcoin rather than speculate, mirroring the strategy of Michael Saylor's company.

Strategy’s BTC Holdings Surge Past $61 Billion

Meanwhile, Strategy’s Bitcoin holdings have surpassed $61 billion after acquiring 705 BTC this week. The company now holds 580,955 BTC, valued at $61,182,404,392.50. This significant accumulation underscores the growing institutional interest in Bitcoin as a strategic asset.

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