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Tether Expands Bitcoin Reserves With Nearly 9,000 BTC Buy—What’s The Plan?

  • Tether, the developer of USDT, has added 8,888 Bitcoins to its holdings, valued at around $735 million.
  • With this latest boost, Tether now holds 92,647 Bitcoins, making it one of the largest Bitcoin holders in the industry.
  • Tether has committed to using a part of its net profit to buy additional Bitcoins, reinforcing its commitment to the cryptocurrency.
  • Tether also minted $1 billion in USDT tokens on Tron, increasing its inventory for future issuance requests.

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