Tether Acquires 8,888 BTC Worth $735M—Strengthens Its Bitcoin Reserves

Tether, the issuer of the world’s largest stablecoin, USDT, has made another significant Bitcoin acquisition, purchasing 8,888 BTC worth approximately $735 million. The transaction, reported by Arkham, involved withdrawing Bitcoin from Bitfinex, a sister company of Tether. This latest purchase brings Tether’s total Bitcoin holdings to 92,647 BTC, currently valued at around $7.7 billion, further […]