Ah, mes amis! What a twist of fate we witness at the turn of this week! The price of Bitcoin, that fickle mistress, has taken a steep dive, presenting a most splendid opportunity for none other than the illustrious Tether Holdings Ltd, purveyor of the USDT stablecoin. Our dear friends at HODL15Capital have revealed that Tether, in a most audacious move, has purchased a staggering 8,888 BTC! Yes, you heard it right—this is what one might call a “buy-the-dip” strategy, if you will; or shall we say, a grand ballet of whimsical investments! 🩰
The Grand Tether and its Bitcoin Gambit
Being the titanic issuer of stablecoins, Tether has curated quite the portfolio of Bitcoin, if one might say! The newest acquisition—our enchanting 8,888 BTC—has been weighed and found to hold a value of $734,071,797.31. What an impressive stack! Surely, this positions Tether as a giant among Bitcoin’s greatest aficionados! 💰
The noble Tether adds another 8,888 Bitcoins to its royal treasury! ✅ 👇 @paoloardoino 🎊
— HODL15Capital 🇺🇸 (@HODL15Capital) April 1, 2025
Following this daring coup, Tether now cradles a total of 92,646.57 BTC—nay, it is no small trifle! Acquired at a generous average price of $82,591.34, this princely collection cost Tether a delightful $7,651,804,585. A trifling sum for such an endeavor, wouldn’t you agree? 😏
This affair of Bitcoin accumulation began in December of 2023, and since then, Tether has been nothing if not consistent in its quests for more digital gold. On not one, but two separate occasions, they have indulged in a purchase of 8,888 BTC—ah, the number bears a certain charm, yes? But alas! The valuations were quite different each time.
On that fateful day of December 31, 2023, Tether set forth to acquire many a Bitcoin for but $379,030,127. When the same amount was retried on March 31, 2024, they foisted forth over $627 million! Such audacity! 🍾
More Players in this Dance of Acquisitions
Tether’s latest Bitcoin tango is but one act in the grand performance of many companies that have taken to the stage of Bitcoin purchases in March. The illustrious Michael Saylor, bless his heart, led the charge, investing over $2 billion, and now holds a veritable treasure of 528,000 coins, as he twirls on the finance floor! 💃✨
Furthermore, esteemed companies like Metaplanet and Semler Scientific have also joined in the fray, albeit with smaller trinkets of Bitcoin. Many among these firms have concocted a debt-funded strategy to finance their escapades—a clever ruse to ensure the sustainability of their engagements. How very devious! 😈
Yet, despite this abundance of riches amassed, the price of Bitcoin merely giggles quietly to itself, remaining unperturbed by this massive intake. As we scribble down these words, the coin trades at a modest $83,523.19, showing an increase of but 2.13% over the last day. What a world we live in! 🪙
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2025-04-01 11:46