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

Bloomingbit Newsroom

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.

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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.