🚀 Tether Bolsters Bitcoin Holdings: Adds 8,888 BTC Worth $630M 📈

In a recent move, Tether has significantly expanded its Bitcoin holdings, with on-chain data revealing an acquisition of 8,888 Bitcoins on April 1st.

This substantial addition, equivalent to approximately $630 million, has propelled Tether's total Bitcoin reserves to 75,354.08 BTC, now valued at an impressive $5.34 billion.

This isn't the first time Tether has made such a substantial purchase. Previously, at the end of the last quarter, the company acquired the same amount of Bitcoins, valued at $380 million at the time, as reported by BlockBeats.

Tether's journey into Bitcoin investments began in September 2022, marked by an initial purchase of 33,980 BTC. Since then, the company has consistently demonstrated its confidence in Bitcoin's potential by steadily increasing its holdings, making it a significant player in the cryptocurrency market. 📊💰

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