TechFlow News: On April 16, according to CoinDesk, on-chain data shows that Tether recently transferred 951 BTC to its Bitcoin reserve address—valued at approximately $70 million at the time—bringing its total holdings to 97,141 BTC, worth roughly $7.16 billion. The address is labeled “Tether: BTC Reserve” and matches the address previously confirmed by Tether CEO Paolo Ardoino. This purchase continues Tether’s allocation strategy, initiated in 2023, of allocating up to 15% of its realized operating profits into Bitcoin.
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