On-chain data shows that Tether currently holds a total of 83,758.57 BTC, valued at $7.7 billion. Yesterday, a wallet associated with Tether received 7,628.92 BTC from Bitfinex marked wallets, 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 possibility. 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, there is speculation about whether Tether will increase its holdings by 484.4 BTC in 2024, once again reaching the milestone of 8,888.88.
In addition to holding BTC, Tether also manages a diversified asset portfolio, including 4.8 million CRO, 2.29 million TRX, 148.46 ETH, 440,398 USDC, and 176 BNB. Analysts believe that Tether's recent increase in BTC reserves indicates that it has taken strategic measures to enhance its BTC cache, possibly aimed at solidifying its position in the cryptocurrency market.

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