{"id":9929,"date":"2024-01-18T18:15:34","date_gmt":"2024-01-18T16:15:34","guid":{"rendered":"https:\/\/forklog.com\/en\/tether-expands-bitcoin-holdings-to-2-8-billion\/"},"modified":"2024-01-18T18:15:34","modified_gmt":"2024-01-18T16:15:34","slug":"tether-expands-bitcoin-holdings-to-2-8-billion","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/tether-expands-bitcoin-holdings-to-2-8-billion\/","title":{"rendered":"Tether Expands Bitcoin Holdings to $2.8 Billion"},"content":{"rendered":"<p>At the close of the fourth quarter of 2023, Tether acquired an additional 8,888 BTC valued at $380 million. The company&#8217;s balance now includes 66,465 BTC worth approximately $2.8 billion, reports <a href=\"https:\/\/www.theblock.co\/post\/273338\/tether-bitcoin-holdings-latest\">The Block<\/a>.<\/p>\n<p>The USDT issuer first purchased digital gold in September 2022, acquiring 33,980 BTC. The second-largest purchase occurred in March 2023, with 15,915 BTC.<\/p>\n<p>The current investment ranks third in terms of the number of coins acquired.<\/p>\n<p>Although Tether has not officially disclosed its Bitcoin addresses, in August of last year, 21.co analyst Tom Wan identified a <a href=\"https:\/\/bitinfocharts.com\/bitcoin\/address\/bc1qjasf9z3h7w3jspkhtgatgpyvvzgpa2wwd2lr0eh5tx44reyn2k7sfc27a4\">wallet<\/a> he estimated to belong to the company.<\/p>\n<p>The USDT issuer is currently the 11th largest holder of the leading cryptocurrency.<\/p>\n<p>Back in May 2023, Tether first disclosed its Bitcoin reserves. At that time, the company also announced its intention to regularly invest up to 15% of its profits in digital gold.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>At the close of the fourth quarter of 2023, Tether acquired an additional 8,888 BTC valued at $380 million. The company&#8217;s balance now includes 66,465 BTC worth approximately $2.8 billion, reports The Block. The USDT issuer first purchased digital gold in September 2022, acquiring 33,980 BTC. The second-largest purchase occurred in March 2023, with 15,915 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9928,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1245],"class_list":["post-9929","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-tether-usdt"],"aioseo_notices":[],"amp_enabled":true,"views":"47","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/9929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=9929"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/9929\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/9928"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=9929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=9929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=9929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}