Data: Tether received approximately 8,404 BTC yesterday, currently holding a total of 83,758 BTC

2024-12-31 08:48:06

Collection

ChainCatcher message shows on-chain data that Tether currently holds a total of 83,758.57 BTC, worth 7.7 billion USD. Yesterday, wallets associated with Tether received 7,628.92 BTC from the Bitfinex marked wallet, and shortly after, another 775.568 BTC was sent to the same address.

The last increase in Tether's Bitcoin reserves was in March 2024, when it acquired 8,888.88 BTC. Prior to that, on December 31, 2023, Tether also acquired 8,888.88 BTC. Given the repeated use of the auspicious number 8, there is speculation that Tether may increase its holdings by 484.4 BTC in 2024, once again reaching the milestone of 8,888.88.

Analysis suggests that Tether's recent increase in BTC reserves indicates a strategic initiative to enhance its BTC cache, possibly aimed at consolidating its position in the cryptocurrency market.

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