[Tether Increases Bitcoin Holdings, Acquires $1.05 Billion in Assets] According to Nansen data, Tether recently purchased 8,888 bitcoins, with a total value of approximately $1.05 billion. This move demonstrates Tether's continued confidence in Bitcoin. Previously, Tether had announced multiple times that it would allocate part of its profits to increase its Bitcoin holdings to strengthen its reserve asset portfolio. (Cointelegraph)