Tether Scoops $1 Billion In Bitcoin, Strengthening $10-B Stockpile

According to Arkham, a wallet labeled “Tether: Bitcoin Reserves” received 8,889 Bitcoin in a single transfer from ￰0￱ Reading: Bitcoin Buyers Step Back After Failed Push Beyond $115,000: Data The move added roughly $1 billion to Tether’s holdings and pushed the firm’s Bitcoin stash to about $9.8 billion based on the market ￰1￱ was one of the biggest single top-ups to its BTC balance this year. Quarter-End Buying Pattern Based on reports, the timing of the buy was not ￰2￱ records show Tether has made similar quarter-end additions in September 2024, December 2024, and March ￰3￱ say the pattern points to a deliberate effort to bolster reserves ahead of public attestations.

Tether’s second-quarter attestation listed close to $9 billion in ￰4￱ next official report is expected in late October and will show whether recent purchases are reflected on paper. A One-Time Transfer And Wider Moves The transfer from Bitfinex highlights close ties between the exchange and the company behind ￰5￱ like this has drawn attention because of the size and the ￰6￱ June, Tether also routed roughly $1.4 billion worth of BTC to Twenty One Capital, which is run by CEO Jack ￰7￱ deal fed talk that Tether might reallocate some reserves into other assets, including gold, but CEO Paolo Ardoino pushed back on those claims and said Bitcoin remains central to the company’s ￰8￱ Push And New Stablecoin Tether is also expanding in the ￰9￱ firm has set up a domestic branch led by Bo Hines, who previously advised the White House on crypto ￰10￱ say Tether is planning a federally compliant stablecoin called USAT as part of that ￰11￱ move suggests the company wants a bigger foothold inside US regulatory frameworks while keeping its global operations ￰12￱ Growth And Market Role Crypto trackers show USDT’s circulating supply at roughly $175 billion, a 10% rise over the last ￰13￱ growth underscores the stablecoin’s role as a go-to dollar proxy for traders and DeFi ￰14￱ more USDT in circulation, exchanges and liquidity pools rely on it heavily during sharp market ￰15￱ Reading: Eric Trump Steps Into Market Talk, Says ‘Buy The Dips’ Reserves And Market Signals Larger Bitcoin holdings and a push into the US raise fresh ￰16￱ are meant to build confidence, but critics still press for clearer transparency on how reserves are ￰17￱ will be watching the late-October report ￰18￱ Tether’s filings match on-chain activity, that could calm some ￰19￱ they do not, scrutiny is likely to ￰20￱ image from Unsplash, chart from TradingView