Tether Adds $99M in Bitcoin Reserves

The post Tether Adds $99M in Bitcoin Reserves appeared first on Coinpedia Fintech News

Tether’s Bitcoin wallet recently acquired 961 BTC worth about $97 million from Bitfinex, following its ongoing strategy of using 15% of profits to buy Bitcoin. This wallet now holds 87,296 BTC valued at $8.84 billion, ranking sixth among the largest BTC wallets. With an average buy price close to $49,121, Tether’s Bitcoin holdings currently show an unrealized gain of $4.5 billion, reflecting strong confidence in Bitcoin despite market shifts.