Tether transfers $151 million to a UK asset management company XAUT

CycleProphet · 2026-02-28T03:01:36+00:00

Tether's treasury address transferred 28,723 XAUT, worth approximately $151 million, to Abraxas Capital Management in the UK. Abraxas Capital is an important client of Tether and has previously held 1.5% of the total USDT issued.

CycleProphet

2026-02-28 03:01:36

Abstract generation in progress

Deep Tide TechFlow News, February 28 — According to on-chain analyst Ai Yi (@ai 9684xtpa), the Tether treasury address transferred 28,723 XAUT approximately 4 hours ago to the UK asset management firm Abraxas Capital Management, worth about $151 million. It is reported that Abraxas Capital (also known as Heka Funds) is one of Tether’s largest institutional clients, once holding 1.5% of the total USDT issued. Currently, among the publicly available on-chain addresses of Tether, Abraxas Capital ranks second in interaction volume.

XAUT4.04%

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