Tether beats most ETFs in Bitcoin inflows with 27,700 BTC added in one year

Core Insights - Tether has emerged as one of the largest corporate accumulators of Bitcoin, securing over 27,700 BTC in the past year, surpassing nearly all spot ETFs [1][2] - The company has allocated approximately 7,900 BTC directly into reserves backing USDT and 19,800 BTC to Twenty One Capital, a digital asset treasury fund [2] - Tether's Bitcoin strategy includes backing its stablecoin and building long-term investment positions, although its acquisitions are modest compared to major players like BlackRock and Grayscale [4] Tether's Bitcoin Strategy - Tether initiated a structured Bitcoin acquisition strategy in May 2023, committing to allocate 15% of quarterly profits to Bitcoin [5] - The company has faced scrutiny regarding its Bitcoin holdings, with claims of selling over $1 billion worth of Bitcoin for a gold purchase, which Tether refuted by clarifying that the decline in visible reserves was due to transfers into XXI [6] - Currently, Tether holds a total of 100,521 BTC, valued at approximately $11.36 billion, making it the third-largest corporate holder of Bitcoin globally [7]