USDT Issuer Tether Bought $45.4 Million Worth of Bitcoin in Q2 – Here’s What This Means for the BTC Market
The issuer of the world’s most popular USD-pegged stablecoin USDT, Tether, bought 1,529 bitcoin (BTC) worth $45.4 million in Q2, as per comments by the company’s CTO cited by Bitcoin Magazine. The purchase shows that Tet...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The purchase shows that Tether is following through on a plan announced back in May to allocate 15% of quarterly profits to bitcoin....
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This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
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