Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$100,715.00
3.24%$3,908.25
6.51%$2.46
5.22%$229.85
5.01%$717.15
5.19%$0.416315
6.67%$0.999718
-0.02%$1.14
12.59%$3,904.60
6.49%$0.289752
5.89%$49.73
11.81%$28.05
23.94%$0.00002941
9.74%$6.41
7.05%$4,643.92
6.59%$9.38
11.45%$4.74
27.82%$100,502.00
3.40%$0.441831
6.00%$0.304365
6.95%$555.09
6.81%$18.17
15.42%$3,907.58
6.53%$0.00002506
10.97%$122.15
10.59%$9.54
0.60%$7.09
10.11%$4,128.09
6.73%$13.76
18.45%$13.41
13.61%$16.92
22.55%$1.002
0.06%$0.649555
12.65%$0.196464
14.02%$0.999936
-0.08%$344.23
28.00%$34.31
13.94%$9.78
10.97%$0.061362
11.95%$1.85
8.49%$3.37
11.24%$629.61
9.94%$1.33
13.28%$1.05
12.69%$7.03
13.21%$0.166788
6.57%$4.17
0.96%$212.44
16.33%$0.468762
13.19%$2.45
12.20%$1.31
14.40%$24.99
0.52%$9.11
14.86%$57.36
7.88%$7.54
12.91%$1.96
13.53%$1.084
16.72%$3.11
8.26%$2.46
12.09%$0.00003979
11.06%$30.24
11.08%$0.293218
12.81%$2.75
14.98%$1.85
8.67%$0.633284
13.64%$4.57
3.15%$3.26
14.16%$0.00024782
9.78%$3,907.20
6.55%$0.053247
14.42%$6.48
6.21%$0.04463857
10.98%$145.02
7.32%$100,692.00
3.19%$0.03829163
15.80%$4,382.55
6.50%$0.798962
15.81%$1.90
21.35%$4,035.12
6.49%$0.184571
10.73%$4,103.69
6.43%$2.00
9.74%$1,979.33
10.91%$0.997518
-0.31%$1.13
8.04%$0.456656
12.17%$0.03009944
7.27%$2.32
19.09%$0.277643
8.04%$13.50
5.88%$5.50
10.23%$12.64
6.25%$1.17
10.08%$4,019.11
6.46%$24.07
10.88%$0.698223
1.71%$1.009
12.21%$2.20
17.49%$1.52
8.25%$0.68
11.00%$1.52
5.12%$0.422552
13.55%$1.18
13.09%$100,397.00
3.10%$8.25
3.24%$18.01
9.20%$0.140513
-6.59%$3.23
0.34%$100,735.00
3.52%$48.81
11.36%$19.13
12.18%$0.090399
-2.37%$40.53
15.42%$67.97
7.77%$0.00000137
11.18%$1.16
5.30%$1.27
19.78%$0.650846
12.73%$8.15
10.79%$0.00000324
-1.81%$285.49
4.94%$0.671586
13.43%$1.26
4.17%$1.30
8.92%$1.62
12.92%$234.25
4.97%$4.17
9.54%$0.12116
20.11%$3,901.67
6.46%$5.22
19.28%$4,102.97
6.40%$3.17
17.31%$0.223597
12.88%$3.66
10.68%$66.65
11.97%$2.31
18.99%$6.24
7.33%$4.14
10.94%$100,210.00
3.35%$0.828471
11.55%$110.26
14.47%$0.352275
12.93%$2.15
12.76%$243.87
4.99%$0.00919621
3.96%$0.00004598
10.90%$100,446.00
3.45%$0.01310236
13.88%$0.240591
8.06%$3,903.96
6.47%$0.00857764
15.14%$3,905.68
6.48%$0.791795
13.39%$0.415825
6.58%$0.00000001
8.09%$0.962546
12.91%$15.99
9.97%$2.21
11.19%$0.1197
11.42%$0.01002263
6.76%$1.00
0.04%$0.01490704
9.57%$3.23
15.34%$37.13
9.97%$0.373547
12.68%$0.00867366
10.28%$0.0001385
10.01%$6.88
14.38%$0.99991
0.13%$0.00175708
12.20%$0.739077
7.33%$283.59
8.42%$0.510137
16.75%$4,232.98
6.36%$0.758616
5.75%$0.69274
21.04%$1.33
8.86%$2.14
14.76%$0.01479429
10.43%$2,715.35
0.85%$5.10
-10.62%$3,903.67
6.40%$18.08
15.03%$99,917.00
2.97%$0.599328
12.36%$0.995653
0.07%$0.06659
0.66%$40.05
12.88%$6.29
19.04%$0.00882952
10.29%$0.00341611
12.57%$50.23
8.48%$0.00000061
5.25%$1.45
20.68%$3,902.55
6.47%$1.40
9.44%$2.76
14.89%$0.308784
11.31%$0.077335
12.54%$3,904.68
6.48%$0.316903
14.71%$100,732.00
3.54%$0.082734
12.40%$0.00716968
8.49%$0.02897171
9.92%$9.74
1.33%$0.655792
17.29%$0.07829
3.31%$0.999311
-0.12%$0.206438
10.53%$4.27
22.56%$0.00721372
8.41%$2,701.63
0.94%$100,493.00
3.40%$0.519032
10.98%$6.32
6.67%$0.542746
15.39%$0.00000418
5.16%$0.00000024
7.60%$4,199.32
6.47%$1.018
0.69%$0.902856
9.43%$4,041.16
5.45%$2.59
27.56%$0.04912925
15.35%$0.01478177
10.21%$27.79
12.67%$0.685045
9.91%$4.43
14.45%$0.050296
10.26%$0.525882
13.82%$58.48
11.81%$1.16
8.37%$0.089784
20.66%$5.97
1.83%$0.03758787
11.14%$2.09
9.77%$1.64
-4.17%$0.04558692
7.64%$0.301686
13.83%$4.28
11.23%$3,904.73
6.48%$1.081
7.99%$0.447371
2.91%$4,319.47
6.38%$0.441081
9.19%$1.47
8.38%$1.14
9.46%Stablecoin issuer Tether now holds over $5 billion worth of Bitcoin, according to public blockchain data.
Arkham Intelligence data—which tracks the crypto giant’s wallet—reveals that the company now holds over 75,354 Bitcoin, worth more than $5.1 billion as of this writing, after the firm bought 8,889 BTC in the first quarter of this year.
Tether is the company behind the third-biggest cryptocurrency by market cap, USDT. The company is one of the biggest Bitcoin holders, and has said its strategy is to keep buying the largest digital asset by market cap.
Tether said last year that it would regularly allocate up to 15% of its net realized operating profits towards purchasing Bitcoin. The idea is to use the asset to hold in the reserves it uses to back its stablecoin.
The stablecoin—a digital coin backed by U.S. dollars or other real world assets—is the backbone of the crypto-economy; it’s widely used by traders for buying and selling digital assets and has a much higher 24-hour trading volume mark than Bitcoin.
Tether is a somewhat controversial company: in the past, it has been criticized for not being transparent enough about what backs USDT. And news reports have claimed the cryptocurrency is used to break the law, though that allegation isn't unique to USDT.
The price of Bitcoin is now below $69,000 per coin, having dropped nearly 3% in the past day. CoinGecko data shows that the asset is now priced at $68,567. Last month, the biggest digital coin hit a new all-time high ahead of the impending halving, and was closing in on $74,000.
Edited by Andrew Hayward
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.