US EditionTether (USDT) Adds 8,889 BTC to Holdings
16 Articles
16 Articles
Tether (USDT) Adds 8,889 BTC to Holdings
Tether, the crypto firm behind the USDT (USDT) stablecoin, has added about $1 billion worth in bitcoin (BTC) to its reserves, bringing holdings to $9.7 billion as the supply of its flagship stablecoin rose to nearly $175 billion.Blockchain data by Arkham Intelligence shows that the address tagged as "Tether: Bitcoin Reserves" received 8,889 BTC from a wallet of Bitfinex, the crypto exchange closely associated with Tether. The address currently h…
On several occasions, the company issuing the USDT stablecoin has made acquisitions for this amount, which has implications for Japanese culture. Read more
Tether, the issuer of the most popular stablecoin USDT, has once again demonstrated that it sees BTC as the foundation of its long-term plan. The company has confirmed the purchase of 8,888 bitcoins, worth a staggering $1 billion. This isn't just another move on the stock market chessboard. Tether's move signals that digital gold is becoming increasingly important in the portfolios of major players. Despite corrections and conflicting forecasts,…
Tether's $1 Billion Bitcoin Buy Triggers Market Bubble Concerns, CEO Warns
Tether, the issuer behind the leading stablecoin, USDT, has made headlines by acquiring $1 billion worth of Bitcoin—approximately 8,800 BTC—during the third quarter of this year. While many investors have reacted positively to this significant investment, caution has emerged from industry experts like Jacob King, CEO of SwanDesk, who warns that this move may contribute to what he believes could be the “largest bubble in history.” Bitcoin’s True…
Tether Expands Hard Asset Strategy with More Bitcoin, Gold, and Land
Tether has purchased another 8,888 BTC, increasing its total on-chain holdings to 86,335 BTC. At current prices, that’s worth over $9.7 billion, according to CoinMarketCap. The company, however, claims its real stash is much larger. Tether reports holding over 100,000 BTC along with 50 tons of gold. It has also committed 15,000 BTC into Bitcoin XXI, a treasury management firm focused on Bitcoin strategies. This steady accumulation shows how Teth…
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
