I noticed interesting activity in the market — Tether is buying Bitcoin again. This week, they withdrew 951 BTC from one of the major wallets, spending about 70 million dollars. Now, they have nearly 97,000 bitcoins in reserve. That’s a huge position, considering that the issuer of the stablecoin USDT started with about 34,000 BTC back in 2022.

What’s interesting is that on the same day, spot ETFs for Bitcoin attracted over 400 million dollars. It seems institutional investors are not worried about short-term price fluctuations. BTC is currently trading around 77,600 dollars, and it looks like big players are simply accumulating positions. This resembles a strategy that a well-known businessman has been promoting for a long time.

At the same time, competition is heating up in the stablecoin segment. Circle, Tether’s competitor, recently surpassed USDT in transaction volume, although their crypto reserves are much more modest. In response, Tether plans to conduct an independent audit, and the stablecoin market is growing insanely — in 2025, transaction volume exceeded 33 trillion dollars. Wow. It seems the battle for dominance in the stablecoin segment is just beginning.