Though Tether made no official announcement of the action, a wallet believed to belong to the company shows as having 8,888.8888 bitcoin moved to it on March 31. Tether, of course, has made no secret of its intention to use a portion of its profits to acquire bitcoin.
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- Source: https://www.coindesk.com/markets/2024/04/01/tether-added-nearly-89k-bitcoin-to-holdings-in-first-quarter-on-chain-data/?utm_medium=referral&utm_source=rss&utm_campaign=headlines