The company, founded by Binance and rebranded as Ceffu in 2023, sent 3123 Bitcoins worth $180 million to the Binance exchange. While it is certain that BTCs will be sold, it is not overlooked that a significant amount has been sent to Binance since the beginning of August.

According to the information provided by on-chain tracking firm Lookonchain, the company has sent 12,320 Bitcoin worth $720 million and 85,347 ETH worth $210 million to the Binance exchange since August 1.

The company also transferred 359 thousand BNB worth $190 thousand between its internal wallets.

There was no serious change in the price of Bitcoin after this transfer. The largest cryptocurrency is trading around $58 thousand in the minutes the news was written.