CoinDesk••1 min read
Tether Boosts Bitcoin Holdings Above 96,000 BTC with $800M Purchase
The Arch TakeBullish
Tether has increased its Bitcoin holdings by nearly $800 million, bringing its total holdings to over 96,000 BTC, according to reports. This purchase aligns with Tether's stated strategy to allocate up to 15% of its quarterly profits to Bitcoin acquisitions. The development reflects a continued investment in Bitcoin as part of Tether's broader financial strategy.
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