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Amid major #Bitcoin acquisitions by players like :strategy: Strategy, :game::stop: GameStop, and :metaplanet: MetaPlanet, :tether: Tether recently purchased 8,888 BTC. However, the move drew some criticism over a lack of on-chain transparency. In response, Tether CEO :ardoino: Paolo Ardoino publicly revealed the transaction address.

You can now track it here: https://mempool.space/tx/f6cdfd459b4b4357700f3cabba92d278b923f330fdc88877b4413b2883e4c5a8

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Discussion

bitcoinpoorguy 比特幣傢伙 🇭🇰 9mo ago

More than Bukele

fun.relaxed.happy.satisfied 9mo ago

Pretty cool

Good news!

🚀🚀🚀

Great 🥰

What exactly is considered a “lack of on-chain transparency?”

Junkflex 9mo ago

I would say announcing a buy/sell without providing an onchain address for public audit.

Pixel Knight 9mo ago

Are you suggesting is like money printer 2.0? Or maybe a crypto money printer?

Junkflex 9mo ago

I'm not suggesting this—only noting that Tether purchased an amount and made their address public. Tether does issue USDT into circulation, and if there is no evidence of reserves, it could raise similar concerns. However, this post is not about that.

Kurt 9mo ago

92,646 BTC in there, nice

Aprendiz 9mo ago

They are making a reserve with true coin

Shirley Baby 9mo ago

Amazing

Lemon Slice 9mo ago

Yesir

Bitcoin Burger 9mo ago

Price would be lower without them buying I guess.

BitKOKP 9mo ago

The figure of 8888 does not seem coincidental; not long ago, block 888888 was mined. However, I suppose they didn't dare to buy that exact amount. 😉

Achilles 9mo ago

Proof of strategic reserve address is going to be required. First companies and countries like ES leading the way 💪🏼🧡

Juan de Mariana 9mo ago

👌

XD 9mo ago

There are two games at the same time in BTC, the speculative one that is the one played by the majority and the one of the value that is the one played by Sailor and Theter.