Tether adds $70 million in bitcoin to reserves, bringing holdings above 97,000 BTC
Burns Brief
The USDT stablecoin issuer has now accumulated over $7 Market participants are carefully weighing the implications, with the outcome likely to depend on broader macro conditions and volume. Watch $BTC $ETH for reaction — a decisive move above or below key levels will confirm the next trend.
The USDT stablecoin issuer has now accumulated over $7.1 billion in bitcoin as part of its strategy to recycle up 15% of its profit into BTC.
Key Takeaways
- The USDT stablecoin issuer has now accumulated over $7
- 1 billion in bitcoin as part of its strategy to recycle up 15% of its profit into BTC