Tether boosts Bitcoin reserves with latest acquisition

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The acquisition makes Tether the seventh largest Bitcoin holder.

Following the acquisition, Tether’s wallet now holds 75,354 Bitcoin, bought at an average price of $30,305 and worth $5.2 billion at the time of writing, according to on-chainThe acquisition came during a time of heightened institutional interest in Bitcoin, due to the approval of the United States spot Bitcoin exchange-traded funds and the incomingThe firm said it would invest 15% of its net profit into Bitcoin, to diversify the stablecoin’s backing assets.Bitcoin price fell 1.

Bitcoin’s pre-halving correction could be over since Bitcoin flipped its old all-time high of $69,000 into support, said pseudonymous crypto analyst Rekt Capital in a March 26 “Bitcoin is now peaking beyond this old all-time high, potentially positioning itself for this pre-halving retracement to be over.”

Bitcoin reached a new all-time high before the halving event, for the first time in the cryptocurrency's history. Despite it's strong price action, theDon’t be too quick to ‘poo-poo’ memecoins: Arthur HayesCreating ‘good’ AGI that won’t kill us all: Crypto’s Artificial Superintelligence Alliance

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