In a series of posts on the newly rebranded X platform, analysts at CryptoQuant went into great detail, trying to debunk the magnitude of Tether’s BTC ownership., Tether, which issues the USDT stablecoin, claimed to have about $1.6 billion worth of BTC in its vaults, effectively pushing it up to 11th on the Bitcoin holders list.
Crypto researcher and data analyst Tom Wan then shared details of a Bitcoin address he believed belonged to Tether, which held approximately 55,000 BTC, a number commensurate with the market value of Tether’s claim.– Using the price as of 30 Jun, it is estimated that they hold ~55,022 BTCbc1qjasf9z3h7w3jspkhtgatgpyvvzgpa2wwd2lr0eh5tx44reyn2k7sfc27a4
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