- Tether purchased 8,888 BTC worth $735 million, bringing its total Bitcoin holdings to 100,521 BTC, valued at $8.29 billion.
- Tether has also expanded its holdings beyond cryptocurrency, it increased its stake in Adecoagro, a Latin American agricultural firm, to 70% and plans to acquire a 30% stake in an Italian media company.
Tether, which is one of the leading crypto companies and the provider of USDT, has recently increased its Bitcoin holdings with a purchase of $735 million on Monday. The company continued its bitcoin investment strategy by adding 8,888 BTC on March 31st.
This purchase was highlighted by data released from Arkham Intelligence, one of the most reliable platforms that covers crypto-related data. This newly acquired Bitcoin is worth about $735 million, increasing Tether’s total holdings to 100,521 BTC, valued at $8.29 billion. This purchase aligns with the company’s strategy of using 15% of its profits to buy Bitcoin, a plan that was announced in May 2023.
Aside from Bitcoin, Tether also holds $5.16 billion in USDT, $215.85 million in XAUT, and $46.17 million in AUSDF. The data from Arkham Intelligence shows that the company withdrew 8,888 BTC from Bitfinex on Monday at 20:58 UTC, bringing its total to 92,647 BTC at that time, worth $7.7 billion.
This purchase placed the platform as one of the largest BTC holding companies. According to Bitcoin Treasuries, Tether is the second-largest private company that currently holds Bitcoin, just behind Block.one. Overall, only MicroStrategy and the top three U.S. spot Bitcoin ETF providers, BlackRock, Fidelity, and Grayscale, hold more Bitcoin more than Tether, which is based in El Salvador.
Tether’s Other Investments Beyond Crypto
The platform is also expanding its investment portfolio to go beyond digital assets; presently, it has increased its stake in Adecoagro, a Latin American agricultural firm, to 70%. This move shows Tether’s interest in supporting businesses that enhance economic freedom, especially in developing parts of the world.
Additionally, the platform is also making plans to acquire a 30% stake in an Italian media company, Be Water. In 2024, the company recorded a profit of $13.7 billion; this positions it as a leading stablecoin issuer with $45 billion in USDT. Currently, USDT holds about a 61% share of the whole stablecoin market, topping other competitors like USDC.
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