Tether currently holds $2.8 billion worth of Bitcoin

Tether has recently purchased 8,888 Bitcoins, increasing its total holdings to approximately 66,465 Bitcoins, which are currently worth around $2.8 billion. Tether began purchasing Bitcoin in September 2022, with an initial purchase of 33,980 BTC. Since then, the company has continued to acquire Bitcoin every quarter. Its second largest purchase was in March 2023, when it bought 15,915 BTC. According to blockchain data, the most recent purchase was at the end of the fourth quarter of 2023, when it bought 8,888 BTC, making it Tether's third largest purchase to date.