Tether Acquires Significant Bitcoin, Allocates Profits for Continued Investment

Tether, a leading stablecoin issuer, has significantly increased its Bitcoin holdings in the first quarter, acquiring an additional 8,888 Bitcoin to reach a total of 92,646 Bitcoin. This investment adds approximately $735 million to Tether’s growing portfolio. The company maintains its long-term strategy of allocating 15% of quarterly profits towards Bitcoin purchases.