🚀 Tether increases its Bitcoin reserves 🚀. After a nine-month hiatus, Tether has acquired 7,629 BTC, valued at approximately $705.25 million, bringing its total Bitcoin holdings to 82,983 BTC, with a current value of $7.68 billion 📈.
Event Analysis
Tether's acquisition of Bitcoin may be an indicator of the growing demand for the cryptocurrency and confidence in its long-term value.
Tether's Bitcoin reserve is one of the largest in the world, which could have a significant impact on the cryptocurrency market.
Tether's decision to increase its Bitcoin reserves may be a sign that the company is preparing for a potential increase in demand for its stablecoin, USDT, which is backed by asset reserves.
