Tether, the world’s largest stablecoin, took a big step with the start of the new year, Türkiye time. The previous on-chain activity is very important as it is the first major development of the year.
Tether Bought Bitcoin
Wallet trackers’ alarms have just gone off in the first minutes of the new year. On-chain analyst Anlcnc1 announced that Tether received 8,888 BTC. The giant stablecoin company, which started the new year with a purchase (or wanted to welcome the new year with a purchase local time), accumulated a significant amount. The number 8 represents infinity when turned sideways, and the four-digit purchase of 8888 units probably indicates the trust in Bitcoin.
The billion-dollar giant continues its investment fundraising process with a valuation of $500 billion. While it is expanding its gold reserves, it is also continuing its investments in many areas, including mining. Even a significant amount of shares in Liverpool of Tether.
With its latest purchase, the largest stablecoin issuer increased its reserves to 96,370 BTC. The company, which has reserves of $8.44 billion at the current price, will make more purchases in 2026 because it is multiplying its revenues every quarter. This excess cash is invested in gold, company investments and BTC It is used to expand their savings.
