Tether Bitcoin Holdings Hit $7.68 Billion After Latest 7,629 BTC Addition

TL;DR Tether acquired 7,629 BTC, worth $705.25 million, increasing its total reserves to 82,983 BTC, valued at $7.68 billion. This purchase is part of the strategy announced in May 2023, which allocates 15% of its monthly profits to Bitcoin purchases. In addition to its Bitcoin reserves, it holds $100 billion in bonds and 48.3 tons ... source: https://crypto-economy.com/tether-bitcoin-holdings-hit-7-68-billion-after-latest-7629-btc-addition/