Tether Doubles Down on Bitcoin: Acquires 8,888 BTC in Latest Buy-the-Dip Move

Tether Holdings Ltd., the issuer of the stablecoin Tether (USDT), has once again capitalized on a dip in Bitcoin’s price. According to on-chain data from HODL15Capital, the company acquired another 8,888 BTC, solidifying its position as a major player in the Bitcoin market. This latest buy-the-dip strategy marks Tether’s continued commitment to Bitcoin and positions it among the largest holders of the cryptocurrency on the blockchain.