On December 30, 2024, Tether’s acquisition of 8,404.48 BTC increased its total holdings to 83,758.57 BTC, worth about $7.7 billion. The acquisition from a Bitfinex-linked wallet suggests Tether’s possible use of symbolic strategies in its reserve management.
In addition to Bitcoin, Tether’s investment portfolio includes assets like 4.8 million CRO and 440,398 USDC. This diversification highlights Tether’s strategic foresight beyond Bitcoin, ensuring adaptability and resilience in the rapidly changing cryptocurrency market.
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