Tether Boosts Bitcoin Holdings: Adds $800M in BTC, Surpasses 96,000 BTC

Stablecoin giant Tether has significantly increased its Bitcoin (BTC) reserves. The company behind USDT has purchased nearly $800 million worth of Bitcoin, pushing its total holdings to over 96,000 BTC. This major accumulation highlights Tether's ongoing strategy of allocating a portion of its profits to strengthen its reserve portfolio with the leading cryptocurrency. The move is seen as a strong vote of confidence in Bitcoin's long-term value from one of the most influential entities in the digital asset space. Market analysts often monitor such large-scale purchases from institutional holders as a key indicator of market sentiment and potential price support for BTC.