Issuer of the world’s largest stablecoin USDT Tether, Bitcoin (BTC) continues to accumulate.
Accordingly, he made another BTC purchase. Tether recently purchased another 8,889 BTC significantly strengthened its reserves.
With the latest purchase, Tether’s total Bitcoin reserve has increased to over 75,000 BTC.
According to Arkham Intelligence data, Tether made its last BTC purchase on March 31, 2024. bitfinexIt looks like he did it from .
As you may remember, Tether announced its decision to purchase BTC in 2022 and announced its first purchase in the first quarter of 2023.
In these statements, Tether CEO Paulo Ardoino talked about strategies for investing in Bitcoin. “The decision to invest in Bitcoin, the world’s first and largest cryptocurrency, is supported by its strength and potential as an investment asset.” he said.
According to Arkham data Tether’s portfolio includes 75,354 Bitcoins worth $5.24 billion, and stablecoins such as USDT, EURT and XAUT.
*This is not investment advice.
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