Gate News message, April 16 — Tether recently transferred 951 BTC, valued at approximately $70 million, to its Bitcoin reserve address, bringing total holdings to 97,141 BTC worth around $7.16 billion, according to on-chain data cited by CoinDesk.
The receiving address is labeled “Tether: BTC Reserve” and matches the address previously confirmed by Tether CEO Paolo Ardoino. This latest purchase continues Tether’s strategy, implemented since 2023, of allocating up to 15% of realized operating profits to Bitcoin.
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