Posted 1/18/2024, 6:02:28 PM
Tether Now One of Biggest Bitcoin Holders After Adding $379M in December
- Tether bought over $379 million in Bitcoin in December, bringing its total BTC holdings to over $2.8 billion
- Tether is now one of the biggest private companies holding Bitcoin
- Tether has been steadily accumulating Bitcoin throughout 2022 as part of its reserves
- Tether mints USDT, the 3rd largest cryptocurrency, which is a widely used stablecoin
- Cantor Fitzgerald CEO claims Tether holds the dollar reserves to back its USDT stablecoin, despite past controversy over transparency