ChainCatcher message, on-chain data shows that Tether currently holds a total of 83,758.57 BTC, worth 7.7 billion dollars. Yesterday, wallets associated with Tether received 7,628.92 BTC from the Bitfinex marked wallet, shortly after which another 775.568 BTC was sent to the same address.
Although the company has not publicly claimed ownership of the wallet, related speculation suggests a high probability. Tether's Bitcoin reserves last increased in March 2024 when it acquired 8,888.88 BTC. Prior to that, on December 31, 2023, Tether also acquired 8,888.88 BTC. Given the repeated use of the auspicious number 8, some speculate that Tether may increase its holdings by 484.4 BTC in 2024, again reaching the milestone of 8,888.88.
Analysis suggests that Tether has recently increased its BTC reserves, indicating that it has taken strategic measures to enhance its BTC cache, possibly aimed at consolidating its position in the cryptocurrency market.
