Cryptocurrency Q&A
Does tether own bitcoin?
Does tether own bitcoin?
Lucia
Sun Jul 07 2024
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6 answers
1233
Could you please clarify the relationship between Tether and Bitcoin? Are there any direct ownership ties between the two? I've heard some rumors suggesting that Tether somehow possesses Bitcoin, but I'm not entirely sure if that's accurate. As a cryptocurrency enthusiast, I'm interested in understanding the intricacies of these digital assets and how they interact. Could you elaborate on the potential connections, if any, between Tether and Bitcoin, and whether Tether actually owns any Bitcoin?
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6 answers
BitcoinWizardry
Tue Jul 09 2024
The company, renowned for its USDT stablecoin, has poured US$618 million into the digital currency.
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charlotte_anderson_explorer
Tue Jul 09 2024
This strategic investment not only underscores Tether's commitment to Bitcoin but also demonstrates its confidence in the long-term value of the digital currency.
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EnchantedSeeker
Tue Jul 09 2024
This investment translates to acquiring 8,889 units of Bitcoin, representing a substantial addition to its holdings.
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Alessandra
Tue Jul 09 2024
With this latest transaction, Tether's total Bitcoin holdings have surpassed the 75,000 BTC mark.
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AltcoinAdventurer
Tue Jul 09 2024
This substantial holding places Tether among the top Bitcoin holders globally, ranking it as the seventh largest.
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