Tether Expands Bitcoin Reserves With $1 Billion Purchase, Holdings Reach 86,335 BTC
Tether, the issuer of the USDT stablecoin, has boosted its Bitcoin reserves with a $1 billion purchase, reaffirming its strategy of diversifying holdings beyond U.S. Treasuries. Today, blockchain data showed that Tether transferred 8,888.889 Bitcoin from Bitfinex-linked wallets into its reserve wallet.

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