Tether increased its holdings by $380 million worth of BTC

Iti9

On January 18, according to The Block, the stablecoin issuer Tether once again purchased $380 million worth of Bitcoin at the end of the last quarter, bringing its total holdings to 66,465 BTC.

It is reported that Tether began purchasing Bitcoin in September 2022, with an initial purchase of 33,980 BTC. Since then, the company has continued to acquire Bitcoin every quarter. Its second-largest purchase was in March 2023, when it bought 15,915 BTC. According to blockchain data, the most recent purchase was at the end of the fourth quarter of 2023, acquiring 8,888 BTC, making it Tether's third-largest purchase to date.

Indra55

The value of this is quite substantial.