According to @CoinMarketCap, Tether purchased 8,888 BTC on New Year’s Eve. According to CEO Paolo Ardoino, this buy lifts Tether’s total Bitcoin holdings above 96,000 BTC. According to @CoinMarketCap, the associated Bitcoin wallet is now the fifth-largest by BTC balance. According to Tether, the company allocates part of its reserves to BTC as a treasury strategy, contextualizing the accumulation.