Close Menu
Cryprovideos
    What's Hot

    Web3 ai’s $777K Giveaway Might Spark a 1000x Rally! Ethereum Eyes $3,600 & PEPE Faces 15% Drop

    June 7, 2025

    Coinbase Slashes Account Freezing by 82%, However Consumer Belief Stays Fragile

    June 7, 2025

    Whales Cut up on Solana as Dormant Cash Wake Up – BlockNews

    June 7, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Altcoins»Tether’s Bitcoin Holdings Attain $7.68 Billion as Stablecoin Issuer Resumes Cryptocurrency Accumulation
    Tether’s Bitcoin Holdings Attain .68 Billion as Stablecoin Issuer Resumes Cryptocurrency Accumulation
    Altcoins

    Tether’s Bitcoin Holdings Attain $7.68 Billion as Stablecoin Issuer Resumes Cryptocurrency Accumulation

    By Crypto EditorDecember 30, 2024No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Main stablecoin issuer Tether has added an extra 7,629 bitcoin to its steadiness sheet after a nine-month hiatus from accumulating the flagship cryptocurrency. The agency’s newest transfer brings its complete holdings to 82,983 BTC price round $7.68 billion.

    In keeping with knowledge from Arkham Intelligence, a pockets tagged as belonging to the main stablecoin issuer has been steadily growing its BTC holdings, to the purpose that they’re now its largest holding, above $6 billion price of the main stablecoin.

    The pockets additionally holds round $210.5 million price of Tether’s gold-backed cryptocurrency XAUT, in addition to $25.6 million of its discontinued euro-backed stablecoin EURT. 

    The agency’s newest buy got here after Nasdaq-listed video-sharing platform Rumble revealed it signed a strategic partnership with Tether, as a part of which it might obtain $775 million from the stablecoin issuer. Tether, as a part of the deal, was buying 103.33 million shares of Rumble’s Class A standard inventory at $7.5 per share.


    Rumble plans to make use of $250 million of the funds to increase its enterprise. The remainder will probably be allotted to a self-tender supply, permitting shareholders to promote as much as 70 million shares of Class A standard inventory again to the corporate at $7.50 per share.

    As CryptoGlobe reported, Tether reported $2.4 billion in web income within the third quarter of the yr, with the revenue being primarily pushed by earnings from its substantial holdings in U.S. Treasuries and gold, with Treasuries contributing round $1.3 billion to the outcomes.

    The stablecoin large, as reported, dedicated to utilizing 15% of its realized web working income to spend money on the flagship cryptocurrency final yr. Since then, Tether has develop into one of many largest BTC holders whereas additionally investing in cryptocurrency infrastructure, together with mining operations.

    On the subject of personal corporations, based on knowledge from BitcoinTreasuries, Tether is simply behind Block.one, which holds 164,000 BTC on its steadiness sheet. The biggest company holder of the cryptocurrency, it’s price including, is Nasdaq-listed enterprise intelligence agency MicroStrategy, with 446,400 BTC.

    Featured picture through Unsplash.



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Web3 ai’s $777K Giveaway Might Spark a 1000x Rally! Ethereum Eyes $3,600 & PEPE Faces 15% Drop

    June 7, 2025

    Whales Cut up on Solana as Dormant Cash Wake Up – BlockNews

    June 7, 2025

    Greatest Crypto Presale to Purchase: Bitcoin Hyper ICO Surges to $685K as First Bitcoin Layer 2 Launches on Ethereum

    June 7, 2025

    Solana Key Indicator Flashes Purchase Sign On Every day Chart – Rally Forward?

    June 7, 2025
    Latest Posts

    Greatest Crypto Presale to Purchase: Bitcoin Hyper ICO Surges to $685K as First Bitcoin Layer 2 Launches on Ethereum

    June 7, 2025

    Bitcoin (BTC) Worth Prediction for June 7

    June 7, 2025

    Are We Witnessing the Last Bitcoin Cycle as We Know It?

    June 7, 2025

    Bitcoin Golden Cross Sample Says The Crash To $100,000 Is Regular – What To Count on Subsequent

    June 7, 2025

    Is a Bitcoin value rally to $150K attainable by yr's finish?

    June 7, 2025

    The most effective DOGE and BTC cloud mining platform in 2025, simply earn $16,777 a day

    June 7, 2025

    Bitcoin Holds Above $100K, However Analyst Sees Bother Brewing

    June 7, 2025

    Pepe Worth Prediction: $PEPE Declines as Bitcoin Hyper Emerges as a Prime Presale Decide

    June 7, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Crypto All-Stars Presale Surges Previous $5M – Solely 28 Days Left To Purchase $STARS At Discounted Value

    November 22, 2024

    XRP Is The 'Strongest Chart In Crypto,' Says Analyst

    April 17, 2025

    Crypto Presales with the Potential for Excessive Returns This December

    December 21, 2024

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.