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Tether invests $735 million: Bitcoin holdings surge
In a significant move, Tether, the issuer of USDT stablecoin, has strengthened its Bitcoin strategy by purchasing 8,888 BTC worth $735 million. This substantial investment was made at 8:58 AM on Monday.
The massive acquisition demonstrates Tether’s renewed commitment to the crypto market and highlights its dedication to securing a significant position in the digital currency space. With this move, Tether becomes one of the largest holders of Bitcoin, emphasizing its influence within the industry.
It is essential for investors and traders alike to closely monitor these developments, as they can have a direct impact on the global cryptocurrency landscape.
Source: https://thebitcoinnews.com/tether-invests-735-million-bitcoin-holdings-surge/
