Tether Increases Bitcoin Holdings to 86,335 BTC in Strategic Move

Tether increased its Bitcoin reserves by adding 8,888.889 BTC on September 30, raising its total holdings to 86,335.46 BTC, enhancing its status as a major institutional holder.

Expanding Hard Assets

  • Tether aims to support its reserves with durable assets.
  • Current holdings include over 100,000 BTC and 50 tons of gold.
  • Committed over 15,000 BTC to Bitcoin treasury firm XXI.
  • Holds a majority stake in Adecoagro, managing 210,000 hectares of farmland in Latin America.

Broadening Products

  • Introduced USAT, a U.S.-focused stablecoin compliant with domestic regulations.
  • The launch indicates efforts to expand Tether's balance sheet and product offerings.