Tether Becomes Top Bitcoin Investor, Outpacing ETFs

Stablecoin operator Tether has surpassed established exchange-traded funds (ETFs) in its Bitcoin investment strategy. Data reveals that Tether has accumulated over 27,000 BTC within the past twelve months alone. This substantial buying spree is driven by Tether’s commitment to long-term Bitcoin investment and diversification. Part of the Bitcoin holdings are used for immediate backing of their stablecoin USDT, while the remaining portion is allocated to Twenty One Capital, a dedicated vehicle for managing long-term digital asset positions.