TechFlow news, according to sources, cryptocurrency exchange Bitfinex holds Bitcoin on its balance sheet.
The source said that Bitfinex has consistently held a portion of its trading fee revenue in Bitcoin as a long-term commitment to the world's first and largest cryptocurrency, but declined to comment on specific figures.
Paolo Ardoino, CTO of Bitfinex, tweeted on Sunday that crypto exchanges which have greatly benefited from Bitcoin should establish policies to reinvest part of their profits back into Bitcoin. This is exactly what Bitfinex has done—they support Bitcoin Layer 2 networks—Lightning Network and Liquid Network—and are developing the RGB protocol, which enables cheaper and more private transactions, making it easier to issue tokens on Bitcoin.
Regarding this tweet, Ardoino told The Block: "Bitfinex reinvests funds into Bitcoin technology; it's not just about buying Bitcoin."
