ChainCatcher message, on-chain data shows that Tether currently holds 83,758.57 BTC, worth approximately 7.7 billion US dollars. Yesterday, wallets associated with Tether received 7,628.92 BTC from Bitfinex marked wallets, which were then transferred to 775.568 BTC. Although Tether has not publicly acknowledged ownership of this wallet, market speculation suggests a high possibility.

The last significant increase in Tether's Bitcoin reserves occurred in March 2024, when it acquired 8,888.88 BTC. Notably, Tether also increased its holdings by the same amount of BTC at the end of 2023, raising market speculation about its future accumulation strategy.

Analysis indicates that Tether's increase in BTC reserves may be a strategic move to strengthen its market position.