🔥 Tether Surpasses 100,000 BTC with New $458 Million Purchase! 🔥
Tether has just expanded its Bitcoin holdings, acquiring an additional 4,800 BTC for $458 million. With this latest purchase, the company has surpassed the 100,000 BTC milestone, solidifying itself as one of the largest institutional holders of the cryptocurrency.
This move reinforces Tether’s strategy of asset diversification, using part of its reserves to accumulate Bitcoin as a hedge against volatility and global financial risks. The company had previously indicated that it views BTC as a long-term strategic asset, strengthening its position in the crypto market.
With Bitcoin increasingly being adopted by major institutions, will we see more companies following suit and accumulating BTC in their reserves?