Tether continues to advance while Crypto Winter rolls on

As this mini-crypto Winter rolls on

Tether continues to stock pile physical Gold and BTC.  Part of that effort, Tether recently moved 951 BTC from one of their Bitfinex wallets (hot wallet) to its secure vault (cold wallet). Tether now owns a collective 97,141 BTC.   Sure, this is a vast amount of BTC, however, it is only the 2nd largest known private-corporate BTC owner.  If one were to track all BTC holders Tether would be the 5th largest

Tether holds over $7 Billion worth of BTC 

This valuation is at BTC's $74K price.  Recall, Tether holds BTC a reserve surplus and as a hedge against rising global inflation.   All part of Tethers plan to outlast declining fiat currencies.   Tether has not set a limit on their BTC purchase limit! 

Summary

Yeah, I was feeling big when I was down playing Tether's BTC Stash as my 0.00000xxx Satoshi's pales in comparison. I was trying to give a global holder viewpoint, not from my viewpoint. Tether continues to buy BTC regardless of price. You could consider it an enterprise level Dollar Cost Average (DCA) program for BTC.  If you are curious you can search for 'Tether Addresses' and check their BTC tally for yourself.

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