Tether adds $70 million in bitcoin to reserves, bringing holdings above 97,000 BTC
By Krisztian Sandor
Tether, the issuer of USDT, has added $70 million worth of Bitcoin to its reserves, bringing its total BTC holdings above 97,000 BTC valued at over $7.1 billion. This accumulation is part of Tether's strategy to recycle up to 15% of its profits into Bitcoin. The move bolsters the backing for its stablecoin reserves.
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