Tether added USD $ 1 billion in Bitcoin to his reservation, they reveal data

By Hannah Pérez

Chain data show that Bitcoin’s Bitcoin Reserve Directorate now have a total of 86,335 BTC, valued at USD $ 9.78 billion. Tether deposited the bitcoins from Bitfinex.

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• The Bitcoin Bitcoin Reserve Directorate added 8,889 BTC from a Bitfinex address.
• Now they have a total of 86,335 BTC for almost USD $ 10 billion, according to chain data.
• The purchase occurs at an expansive moment for the USDT station.
• It is reported that it seeks financing in the midst of its expansion to the United States.

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Tetherthe station of the Stablecoin largest in the world for market capitalization, USDT, has added more Bitcoins (BTC) to its corporate coffers silently, according to chain data.

The observers of the cryptocurrency community noticed that a wallet address identified as belonging to Tether He has added USD $ 1 billion in BTC to his reservations, raising his holdings of Bitcoin A USD $ 9.7 billion.

In particular, platform data Arkham Intelligence shows that the address labeled as “Tether: Bitcoin Reserves” received 8,889 BTC from a wallet of Bitfinexthe exchange of cryptocurrencies closely associated with Tether. That address It currently has 86,335 BTC, valued at USD $ 9.78 billion, According to the current price the cryptocurrency.

The Bitcoin de Tel grows

The company behind USDT has years buying Bitcoin As part of its diversified reserve strategy, which also includes gold. Began to invest in Bitcoin In September 2022, with an initial purchase of 33,980 BTC. This strategy is part of its policy of diversifying reservations beyond traditional assets, using profits to accumulate BTC as a value reserve.

In May, during a conference in Las Vegas, the CEO of TetherPaolo Ardoino said the company maintained more than 100,000 BTC (equivalent to more than USD $ 10,000 million) and more than 50 tons of gold. This information contrasts with the company’s latest financial report, which indicated holdings in Bitcoin for a value of USD $ 8,928 million.

The last maneuver fits into a pattern in which Tether accumulates the largest cryptocurrency, along with gold, and adds to its reserve of Bitcoin At the end of the quarters, as highlighted COINDESKnaming similar transactions that occurred at the end of March, December and last September, according to the data of Arkham.

Tether at the time of key expansion

The movement occurs at an expansive time for Tetherwhich has been informed works to raise billions of dollars while working to enter regulated to the US market.

According to a recent report from Bloombergthe company would be in conversations to raise between USD $ 15,000 million and USD $ 20,000 million Through the sale of new shareholding, a figure that would grant an assessment of USD $ 500,000 million. A separate report later advanced that SoftBank and ARK They could be among interested investors.

Financing reports occurred after Tether will present your new one Stablecoin USATspecifically designed for the US market in compliance with the new regulation of the Genius Law. As part of these plans, the company has established a local branch directed by the former Cryptocurrency Advisor of the White House, Bo Hines.

Meanwhile, USDT, the distinguished product of Tether With parity in the US dollar, it has experienced enormous growth this year, reaching a supply of USD $ 174.6 billion, 10.7% more than in the last quarter according to data from data from Coingcko. This figure strengthens USDT’s dominant place within the hot market of the Stablecoins.

Tether It was also the main investor of the new treasury company Bitcoin, Twenty One Capital (XXI), led by the executive director of StrikeJack Mallers, helping to sow more than USD $ 1.4 billion in BTC in mid -year.

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Hannah Estefanía Pérez / Diariobitcoin

Edited image of Unspash, with Tether logo

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