New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
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Tether, the leading stablecoin issuer, has recently attracted attention for its latest moves. According to on-chain data, the company significantly increased its Bitcoin holdings in a recent operation, acquiring 8,888 BTC in a single transaction, pushing its total Bitcoin assets above 96,000 BTC. Even more interestingly, Tether announced a long-term strategy: starting from 2025, 15% of its profits will be used to buy more Bitcoin each quarter.
At the same time, Tether has been active in another area. In the third quarter of this year, the company accumulated 26 tons of gold, bringing its total gold reserves to 116 tons, enough to rank among the top 30 global institutional gold holders.
To make the data clearer: Tether's investment firm, Twenty One Capital, now manages 43,514 BTC. Meanwhile, Tether-controlled Bitcoin addresses have become the fifth-largest private Bitcoin whale worldwide, ranking second among corporate treasuries.
This allocation strategy is quite interesting—on one side, increasing holdings of "digital gold" Bitcoin, and on the other, investing in physical gold. Some see this dual-asset approach positively, while others are curious about the underlying logic. What do you think about Tether's move?