Tether Purchases 8,889 Bitcoin Worth $1 Billion to Expand Reserves

TLDR Tether purchased 8,889 Bitcoin worth $1 billion, increasing its total BTC holdings to over 86,000. The acquisition is part of Tether’s strategy to diversify its reserves into hard assets like Bitcoin, gold, and agriculture. Earlier this year, Tether disclosed holding more than 100,000 BTC and 50 tons of gold. Tether is seeking to raise [...]

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