Tieknown for its USDT stablecoin
USDT
$0.9951
Arkham Intelligence data revealed that on December 30, Two transfers (7,628.9 BTC and 775.6 BTC) were sent to wallets linked to Tether’s Bitcoin holdings.. These transactions totaled almost 8,404.5 BTC.
The latest addition Raises Tether’s Total Bitcoin Reserves to 83,759 BTCvalued at approximately $7.75 billion.
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Bitcoin was trading around $92,500 at the time of the transaction, which makes new acquisitions worth $777.4 million.
restraints Bitcoin Holdings Rank Second Among Privately Owned Companiessecond only to Block.one, which holds 140,000 BTC. Tether ranks third in Bitcoin ownership when including public and private companies, behind MicroStrategy’s leading position with 446,400 BTC.
Tether announced in May 2023 its plan to allocate up to 15% of your operating profits to Bitcoin purchases.
The last major increase in Tether’s Bitcoin holdings came in March 2024, when the company acquired 8,888.88 BTC. the purchase came shortly after Bitcoin surpassed the $70,000 markreaching a new high.
Meanwhile, Tether recently announced that it will no longer support EURT, its euro-pegged stablecoin. What happened? Read the full story.
Having completed a master’s degree in Economics, Politics and Cultures of the East Asian region, Aaron has written scientific articles analyzing the differences between Western and collective forms of capitalism in the post-World War II era.
With almost a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that cryptocurrency enthusiasts face. He is a passionate analyst who cares about data- and fact-based content, as well as that which speaks to both Web3 natives and newcomers to the industry.
Aaron is the go-to person for all things digital currencies. With a strong passion for blockchain and Web3 education, Aaron strives to transform the space as we know it and make it more accessible to beginners.
Aaron has been quoted by several established media outlets and is a published author himself. Even during his free time, he likes to research market trends and look for the next supernova.
