A 21.co research analyst has disclosed that Tether, the company behind the world’s most prominent stablecoin by market capitalization, could potentially hold the 11th-largest bitcoin (BTC) address. Additionally, an individual familiar with the matter has verified to The Block that said address does indeed belong to Tether.
Research Analyst and Unknown Source Link $1.6 Billion BTC Address to Stablecoin Firm
Lately, Tether’s attestation reports have sparked discussions within the crypto community regarding the firm’s earnings and bitcoin (BTC) holdings. The Q1 2023 Assurance Report for Tether indicated that it possessed bitcoin reserves amounting to $1.5 billion.
BDO prepared the most recent attestation, which demonstrated an $850 million increase in Tether’s reserves in Q2 2023. On August 3, 2023, Tom Wan, a research analyst at 21.co, posted on social media platform X that he believed a specific address was associated with Tether.
Crypto journalist Yogita Khatri reported after t
We współpracy z: https://news.bitcoin.com/reports-suggest-11th-largest-bitcoin-wallet-belongs-to-stablecoin-giant-tether/
