According to Foresight News, according to The Block, Tether recently purchased 8,888 bitcoins, increasing its total holdings to approximately 66,465 bitcoins, currently worth approximately US$2.8 billion.
Tether began buying Bitcoin in September 2022, with an initial purchase of 33,980 BTC. Since then, the company has continued to buy Bitcoin every quarter. The second large purchase was in March 2023, about 15,915 BTC. The most recent purchase was at the end of the fourth quarter of 2023, with 8,888 BTC, which is Tether's third largest purchase to date.
