The brief update states that Tether added 951 Bitcoin to its reserves, bringing its total reported holdings to 97,141 BTC, valued at about $7 billion in the post.
Summary
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Terms & Concepts
Bitcoin: A decentralized digital currency that operates on a blockchain (shared transaction ledger) without a central authority.
BTC: The ticker symbol for Bitcoin, commonly used to denote Bitcoin holdings, prices, and trading pairs.