Ah, Tether. Just when you think they’re going to take a breather, they go and grab another 961 BTC from Bitfinex-all for a neat sum of about $97 million, because apparently having only billions is just too mainstream. The good folks at Tether (who are probably on a first-name basis with Bitcoin by now) are sticking to their master plan: use 15% of profits to buy up more Bitcoin. It’s like a digital treasure hunt, but the treasure is made of 1s and 0s, and no one’s actually searching for it-it’s just sort of… there. 🏴☠️
Now, with this most recent acquisition, their Bitcoin wallet is sitting on a grand total of 87,296 BTC. That’s worth about $8.84 billion-which, if you haven’t been paying attention, puts Tether’s wallet in sixth place on the “Biggest Bitcoin Wallets” leaderboard. I mean, if Bitcoin wallets had a Hall of Fame, Tether’s would definitely be getting a shiny plaque and a jazz band. 🎷
And let’s not forget the all-important buy price, which was just around $49,121 per coin-because why settle for less when you can aim high? With the Bitcoin market doing its usual impression of a roller coaster, Tether’s Bitcoin stash is currently riding the waves with an unrealized gain of $4.5 billion. That’s right, you read that correctly: unrealized gain. It’s all on paper, folks-except it’s a fancy piece of paper that might just be worth more than your entire life’s savings. 💸
So, what does this all mean? In a nutshell: Tether’s got a lot of skin in the game, and they’re not backing down. They’re like the grandmaster chess player who just keeps buying the best pieces and saying, “Checkmate, eventually.” 🏆
Read More
- AAVE PREDICTION. AAVE cryptocurrency
- CNY JPY PREDICTION
- SKY PREDICTION. SKY cryptocurrency
- USD CAD PREDICTION
- EUR GBP PREDICTION
- QNT PREDICTION. QNT cryptocurrency
- ETC PREDICTION. ETC cryptocurrency
- BNSOL PREDICTION. BNSOL cryptocurrency
- GBP CHF PREDICTION
- SEI PREDICTION. SEI cryptocurrency
2025-11-07 09:33