Can Ahmet 
Tether continues to expand its Bitcoin investments. The company significantly increased its Bitcoin reserves by purchasing 7,629 BTC worth a total of $705.25 million from the cryptocurrency exchange Bitfinex.
First Movement in Bitcoin Reserves After Nine Months
This transaction marked the first activity in Tether’s Bitcoin wallet after a nine-month hiatus. With the purchase, the company’s total Bitcoin reserves reached 82,983 BTC, valued at approximately $7.68 billion. The average acquisition cost per Bitcoin is calculated at $36,125. Additionally, this investment has provided Tether with an unrealized gain of $4.72 billion.
Strategic Investments and Diversification Goals
In line with a strategy announced in May 2023, Tether decided to allocate 15% of its profits to Bitcoin investments. This move has positioned the company as the sixth-largest holder of Bitcoin. Tether views its Bitcoin investments not only as a store of value but also as part of a diversification strategy aimed at emerging sectors such as artificial intelligence, Bitcoin mining, and decentralized communication.
Robust Reserves with Bonds, Gold, and Bitcoin
In addition to Bitcoin, Tether holds $100 billion worth of bonds and 48.3 tons of gold. The company’s total profit for 2024 is projected to exceed $7.7 billion. With these figures, Tether has surpassed countries like Germany and the United Arab Emirates in bond investments, ranking among the world’s largest bondholders.
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