Tether, a stablecoin giant, has increased its Bitcoin holdings to over $2.8 billion, making it one of the largest private BTC holders. Acquiring 8,888 BTC in late December, Tether's total BTC count is now 66,465. This move aligns with its strategy to use profits for BTC purchases and mining. Despite controversies, including a New York Attorney General investigation, Tether maintains significant market presence, with USDT's market cap at $94.5 billion and endorsement from Cantor Fitzgerald's CEO regarding its financial backing.
