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[PRD excerpt] Tether buys about 8,900 bitcoin in Q4… holdings top 96,000

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Summary

  • Tether said it bought 8,888 bitcoin in Q4 last year, pushing its bitcoin holdings above 96,000.
  • Cointelegraph reported that Tether invests up to 15% of quarterly profits in bitcoin and that its bitcoin holdings are the second-largest among private companies.
  • Tether is also buying bitcoin via Twenty One Capital, whose bitcoin holdings were reported at 43,514.
Photo=Shutterstock
Photo=Shutterstock

Tether (USDT), the issuer of the dollar-pegged stablecoin, bought around 8,900 bitcoin (BTC) in the fourth quarter of last year, data showed.

Paolo Ardoino, Tether’s chief executive officer (CEO), said on X on the 1st that “Tether bought 8,888 bitcoin in Q4 of last year.” The purchase reportedly pushed Tether’s bitcoin holdings above 96,000. Cointelegraph reported that “Tether invests up to 15% of its quarterly profits in bitcoin,” adding that its bitcoin holdings are the second-largest among private companies.

Tether has also been aggressively buying gold. Tether purchased 26 tons in the third quarter of last year alone. On a quarterly basis, that volume exceeds purchases by major countries’ central banks. Tether’s gold holdings are said to total 116 tons.

Tether is also buying bitcoin through Twenty One Capital, a New York Stock Exchange (NYSE)-listed company in the United States. Twenty One Capital is a digital-asset treasury strategy (DAT) firm in which Tether is the largest shareholder.

According to BitcoinTreasuries, Twenty One Capital’s bitcoin holdings stood at 43,514 as of the day, the third-largest among listed companies after Strategy and Mara Holdings.

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