Tether buys Bitcoin

Tether Acquires 7,629 Bitcoin, Boosting Reserves to $7.7 Billion

Tether, the issuer of the world’s largest stablecoin $USDT, has expanded its Bitcoin reserves with the purchase of 7,629 BTC, valued at approximately $705 million. This acquisition increases the company’s total Bitcoin holdings to $7.7 billion. A Strategic Shift Toward Bitcoin Tether’s decision aligns with a strategy announced in May 2023, allocating up to 15% …

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