Stablecoin giant Tether reported that in the first quarter of 2024, it further increased its investment in Bitcoin, buying more than $600 million worth of Bitcoin, bringing their total holdings to about 75,354 coins worth more than $5.2 billion, and in May last year, Tether announced that it would invest up to 15% of its profits in Bitcoin. Although they did not disclose the Bitcoin wallet address, one of the Bitcoin addresses was confirmed by the media last year and it was observed that TEDA has been steadily increasing its Bitcoin holdings every quarter since September 2022.