BasEx | Tether Boosts Bitcoin Portfolio to $2.8 Billion
Tether Increases Bitcoin Portfolio to $2.8 Billion
25.01.2023
Tether Increases Bitcoin Portfolio to $2.8 Billion

Tether made a significant purchase of 8888 BTC for $380 million at the end of the fourth quarter of 2023, increasing its Bitcoin portfolio to 66,465 BTC with a total value of about $2.8 billion, reports The Block.

Initially, Tether purchased Bitcoins in September 2022, buying 33,980 BTC. The second significant purchase was made in March 2023, acquiring 15,915 BTC.

The latest investment ranks third in terms of the volume of coins acquired in the company's portfolio.

Although Tether does not disclose its Bitcoin addresses, in August last year, analyst Tom Van from 21.co identified a wallet presumably belonging to the company.

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