Arkham Intelligence data reveals Tether now holds over 75,354 Bitcoin, worth $5.1 billion, after acquiring 8,889 BTC in Q1. Tether aims to continuously invest in Bitcoin, allocating up to 15% of profits. The stablecoin, USDT, underpins the crypto economy with a higher trading volume than Bitcoin. Tether faces transparency concerns but reports massive Q1 profits of $1.48 billion amidst Bitcoin price dip.
Tether Now Holds Over $5 Billion Worth of Bitcoin to Back USDT
