Tether bought about 8,900 Bitcoin in Q4… holdings surpass 96,000

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JOON HYOUNG LEE

Summary

  • Tether said it additionally purchased 8,888 Bitcoin in Q4 last year, bringing total holdings to over 96,000.
  • Tether invests up to 15% of its quarterly profits in Bitcoin, and it reported holding the second-largest amount among unlisted companies.
  • Tether is also aggressively buying gold, with holdings reaching 116 tons, and it continues to increase digital assets through affiliates such as Twenty One Capital.
Photo=Shutterstock
Photo=Shutterstock

Dollar stablecoin issuer Tether (USDT) reportedly bought about 8,900 Bitcoin (BTC) in the fourth quarter of last year.

Paolo Ardoino (Paolo Ardoino), Tether's chief executive officer (CEO), said on X, "Tether bought 8,888 Bitcoin in the fourth quarter of last year," on the 1st. With this purchase, Tether's Bitcoin holdings are said to have exceeded 96,000. Cointelegraph reported, "Tether invests up to 15% of its quarterly profits in Bitcoin," and "(Tether's) Bitcoin holdings are the second-largest among unlisted companies."

Tether is also aggressively buying gold. Tether purchased 26 tons in the third quarter of last year alone. In terms of quarterly purchase size, this is larger than the purchases of major central banks. Tether's gold holdings are reported to amount to 116 tons.

Tether is also buying Bitcoin through NYSE-listed Twenty One Capital. Twenty One Capital is a digital asset treasury strategy (DAT) firm in which Tether is the largest shareholder.

According to BitcoinTreasuries, Twenty One Capital's Bitcoin holdings were counted at 43,514 as of that day. Among listed companies, this is the third-largest, following Strategy and Mara Holdings.

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JOON HYOUNG LEE

gilson@bloomingbit.ioCrypto Journalist based in Seoul
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