Tether Now Holds Over 66K BTC After Additional $380M Purchase, Ranks as 11th Largest Bitcoin Holder
• Tether bought 8,888 more BTC for $380 million at the end of Q4 2022, now holding 66,465 BTC • This makes Tether the 11th-largest BTC holder according to Dune Analytics • In May 2023, Tether announced allocating up to 15% of profits to buy BTC, shifting away from cash/Treasuries backing USDT • Tether's latest attestation shows it holds $72.6B government bonds, $1.7B BTC • Tether first purchased BTC in September 2022; its holdings have faced skepticism