"Tether's Bitcoin holdings have expanded into one of the largest corporate positions in the sector, with reserve addresses holding about 97,141 BTC."
"Each allocation removes coins from exchange liquidity and moves them into long-term custody, linking stablecoin usage growth with Bitcoin accumulation."
"The addition of Bitcoin introduces price exposure to the reserve portfolio while maintaining dollar-linked liabilities, affecting perceptions of stablecoin reserve composition."
"Tether announced the launch of tether.wallet, a self-custodial digital wallet designed to bring its global financial infrastructure directly to end users."
Tether transferred 951 bitcoin valued at $70.5 million into a reserve wallet linked to its treasury operations, originating from a Bitfinex hot wallet. This transaction aligns with a 2023 profit allocation policy where Tether allocates 15% of net realized profits for Bitcoin purchases each quarter. Tether's Bitcoin holdings have grown significantly, making it one of the largest corporate holders in the sector. The strategy ties Bitcoin acquisition to stablecoin revenue growth, affecting perceptions of stablecoin reserves. Tether also launched a self-custodial digital wallet for end users.
Read at Bitcoin Magazine
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