Tether Becomes Top Bitcoin Holder, Invests $618M in BTC Amid Growing Crypto Institutional Interest

Tether invested $618 million into Bitcoin, acquiring 8,889 BTC units. Now the 7th largest Bitcoin holder with over 75,000 BTC.

Investment comes amid growing institutional interest in Bitcoin, propelled by US spot Bitcoin ETF approvals and upcoming Bitcoin halving event.

Tether's USDT stablecoin hit $100 billion market cap milestone, becoming the first stablecoin to hit this mark.

Beyond crypto, Tether delving into AI technology, aiming to create open-source, multimodal AI models to redefine industry standards.

Goals to foster innovation and accessibility in the AI space through new open-source AI models.