After nearly 9 months of silence, Tether, the largest stablecoin issuer in the world, has just returned to the game by purchasing an additional 7,629 BTC, worth about 705.25 million USD, raising its total Bitcoin portfolio to 82,983 BTC, equivalent to 7.7 billion USD.



1. Impressive Bitcoin Transaction History



This latest transaction follows a major deal at the end of March 2024, when Tether purchased 8,889 BTC valued at 626.84 million USD.


• Average purchase price: 36,125 USD/BTC.


• Initial investment capital: 2.99 billion USD.


• Current profit: 4.67 billion USD (~156%).



2. Bold Investment Strategy



Tether publicly announced its investment strategy $BTC from Q1/2023, committing to allocate 15% of monthly profits to reallocate from government bonds to Bitcoin. This move not only strengthens the company's reserve assets but also diversifies the investment portfolio, leveraging Bitcoin's long-term growth.



3. Tether: The Global Financial Giant



The year 2024 marks a breakthrough for #Tether :


• Profit for the first three quarters: 7.7 billion USD.


• Reserve assets:


• 100 billion USD in bonds.


• 82,983 BTC (~7.7 billion USD).


• 48.3 tons of gold.



Tether is currently the 18th largest treasury investor in the world, surpassing major countries like Germany, Australia, and the UAE, affirming its important position in the global financial market.



4. Disruptive Plan for the Traditional Financial Market



Not only limited to the cryptocurrency field, Tether is expanding its operations into the traditional financial market. According to CEO Paolo Ardoino, Tether plans to invest 5 billion USD in the commodities market by 2026 to provide loans and take advantage of returns from stable interest rates.



Conclusion: Tether - A Giant Not Only in Crypto



Tether is not only leading in the field of #stablecoin but is also creating a significant impact in the traditional financial market. With a strong investment strategy in Bitcoin and asset diversification, Tether has proven that it is not just a stablecoin issuer but also a global financial organization with a long-term vision.



How will Tether continue to strengthen its position in the coming years? Let's wait and see!$USDC