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Tether received approximately 8,404 BTC yesterday, currently holding 83,758.57 BTC, valued at 7.7 billion US dollars

Tether received approximately 8,404 BTC yesterday, currently holding 83,758.57 BTC, valued at 7.7 billion US dollars

Bitget2024/12/31 01:23
BTC+0.75%

On-chain data shows that Tether currently holds a total of 83,758.57 BTC, worth $7.7 billion. Yesterday, a wallet associated with Tether received 7,628.92 BTC from the Bitfinex tagged wallet and shortly after, another 775.568 BTC was sent to the same address.
Although the company has not publicly claimed ownership of this wallet, speculation suggests it is highly likely. The last time Tether's Bitcoin reserves increased was in March 2024 when it acquired 8,888.88 BTC. Prior to this on December 31st, 2023; Tether also obtained an additional amount of exactly 8,888.88 BTC . Given the repeated use of lucky number '8', some are speculating whether Tether will add another exact amount of around approximately484 .4BTC in order to reach its next milestone figure again at precisely: '8' ,888 .88BTC .
In addition to holding BTC ,T ether also manages a diversified portfolio including assets such as :4 million CRO coins ,2 .29 million TRX tokens ,148 .46 ETH coins ,440398 USDC tokens and176 BNB coins respectively.Analysis suggests that tether's recent increase in bitcoin reserves indicates strategic measures taken by them towards enhancing their btc cache which could possibly be aimed at consolidating its position within cryptocurrency market overall

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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