TechFlow News: On February 28, according to on-chain analyst Ai Aunt (@ai9684xtpa), Tether’s treasury address transferred 28,723 XAUT—worth approximately $151 million—to UK-based asset management firm Abraxas Capital Management four hours ago. Abraxas Capital (also known as Heka Funds) is one of Tether’s largest institutional clients and previously held 1.5% of the total USDT supply. Among the on-chain addresses publicly disclosed by Tether, Abraxas Capital ranks second in terms of total transaction volume.
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