Tether Acquires Significant Bitcoin Holdings, Joins Top 6 BTC Holders

Tether, issuer of the world’s largest stablecoin USDT, has made a notable purchase of Bitcoin. According to on-chain analyst EmberCN, Tether acquired 961 BTC worth $97.18 million. This transaction involved a withdrawal of 961 BTC from Bitfinex, Tether’s official Bitcoin exchange partner. Tether capitalized on recent market dips by acquiring this significant amount of Bitcoin. 961 BTC was part of an ongoing accumulation strategy initiated after a $1 billion acquisition in September.