Cryptocurrency exchange Bitfinex has revealed that it holds Bitcoin on its balance sheet, The Block has reported.
Historically, the platform has retained a portion of Bitcoin transaction fees "as a long-term commitment to the world's first and largest cryptocurrency," the publication's source has said.
It should be noted that no specific figures have been disclosed.
Bitfinex CTO Paolo Ardoino has previously said that exchanges that "hugely benefitted" from Bitcoin should invest part of the proceeds in the asset and Bitcoin-based technologies.
Ardoino has clarified that Bitfinex "reinvests in Bitcoin technology." According to him, this is much more than simply buying the asset.
Tether Limited, a subsidiary of the platform, disclosed in May it held $1.5 billion in Bitcoin. Later, the USDT issuer announced that it would periodically allocate up to 15% of its net operating profits earned to the purchase of Bitcoin.
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