Tether increased its holdings of BTC by $380 million at the end of last year's fourth quarter, with a total position of 66,465 coins

According to The Block, stablecoin issuer Tether purchased another $380 million worth of Bitcoin at the end of last quarter, bringing its total holdings to 66,465 coins. It is reported that Tether started buying 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 when they acquired 8,888 BTC, making it Tether's third-largest purchase to date.