TechFlow news, according to The Block, stablecoin issuer Tether purchased another $380 million worth of bitcoin at the end of last quarter, bringing its total holdings to 66,465 BTC, valued at $2.8 billion.
Tether began purchasing bitcoin in September 2022 with an initial acquisition of 33,980 BTC. Since then, the company has consistently bought bitcoin every quarter. Its second-largest purchase occurred in March 2023, when it acquired 15,915 BTC.
According to blockchain data, the most recent purchase took place at the end of the fourth quarter of 2023, amounting to 8,888 BTC, making it Tether's third-largest purchase to date.
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