By the end of 2024, the cryptocurrency market will once again witness significant corporate-level acquisition events. Stablecoin giant Tether announced that it has transferred $780 million worth of Bitcoin to its corporate reserves, marking the largest operation since March.

Specific details

  • Transfer scale: According to Arkham Intelligence data, wallets marked as Tether's Bitcoin reserves received two transfers on December 30:

    • 7628.9 BTC and 775.6 BTC, totaling approximately 8404.5 BTC.

    • This batch of Bitcoin is valued at approximately $777.4 million (calculated at $92,500/BTC at the time).

  • Total holdings:

    • After the increase, Tether's Bitcoin reserves reached 83,759 BTC, with a total value of approximately $7.75 billion.

  • Long-term plan: Tether announced in May 2023 that it would use 15% of its realized net profit for regular Bitcoin acquisitions. This operation also confirms its commitment to this promise.

  • Bitcoin price volatility:

    • Bitcoin doubled in 2024, with an annual increase of over 108%.

    • However, after reaching a peak of $108,000 in mid-December, the recent price has seen a pullback, hovering around $92,500.

  • Corporate holdings ranking:

    • Based on Bitcoin holdings, Tether ranks second among private companies, second only to Block.one's 140,000 BTC.

    • Among all companies (including publicly traded ones), Tether ranks third, with MicroStrategy leading, holding 446,400 BTC.

Corporate Bitcoin acquisition wave

With the strong rise in Bitcoin prices, more and more companies are starting to include Bitcoin on their balance sheets. Here are some notable recent cases:

  1. KULR Technology Group

    • Acquisition scale: On December 16, $21 million was spent to purchase 217.18 BTC.

    • Market reaction: The stock price surged 40% on the same day, reaching a historic high of $4.80.

  2. Quantum BioPharma

    • Operational details: On December 20, purchases worth $1 million were made for Bitcoin and other crypto assets to diversify funding risks.

The significance of Tether's increase

  1. Reserve strategy for stablecoins:
    Tether's Bitcoin acquisition actions indicate that it is gradually adjusting its reserve asset portfolio, converting some profits into risk assets such as Bitcoin to increase diversity.

  2. Market signals:
    As one of the world's largest stablecoin issuers, Tether's operations may be interpreted by the market as an acknowledgment of Bitcoin's long-term value, further solidifying its position as a global reserve asset.

  3. Institutional influence enhancement:
    The expansion of Tether's holdings makes it second only to Block.one among private companies, while narrowing the gap with MicroStrategy, strengthening its voice in the institutional Bitcoin ecosystem.

Tether's increase not only demonstrates its confidence in Bitcoin but also reflects, to some extent, the gradual acceptance of crypto assets by corporations. As market volatility increases, it may become the norm for more companies to include Bitcoin in their reserves. Will this act as a catalyst for the continuation of a bull market for investors? Feel free to share your thoughts!

#USDT #ETH #加密ETF申请热潮涌现 #MicroStrategy增持BTC #2025比特币价格预测 $BTC $ETH $SOL