Tether Invests $13.7B in Tech, Bitcoin Miner Marathon Issues $850M Debt

's latest price was $, in the last 24 hours. Tether, a prominent stablecoin issuer, has made a significant move into the technology sector by investing $13.7 billion across more than 120 companies in 2024. This investment is focused on sectors such as blockchain, AI, and energy, marking a strategic shift for the company. The funds for these investments are derived from Tether's profits, ensuring that the reserves backing its stablecoin, USDT, remain unaffected. This initiative is led by Paolo Ardoino, the CEO of Tether, who emphasizes the importance of innovative sectors like payments, AI, and blockchain intelligence. The investment includes companies such as Bitdeer and CityPay.io, highlighting Tether's commitment to advancing technology and infrastructure.

Marathon Digital Holdings Inc., the largest Bitcoin miner, has announced the issuance of $850 million in convertible debt to acquire more Bitcoin. This strategic move aims to strengthen the company's Bitcoin reserves amidst market volatility, reflecting its dominance in the cryptocurrency space. The funds raised will be used for the acquisition of Bitcoin, debt repurchases, capped call transactions, and other corporate purposes. This aligns with Marathon's ongoing strategy to maintain a considerable BTC reserve. The $850 million issuance is expected to significantly affect Bitcoin's market, as it underscores institutional interest in the cryptocurrency. Marathon continues to hedge against dilution by employing capped call strategies, showcasing a strong institutional commitment to Bitcoin despite volatile conditions. Their HODL strategy remains intact, emphasizing long-term control over BTC assets. Marathon has previously engaged in similar debt and equity financings, raising substantial sums for Bitcoin accumulation and operational expansion. These past actions established a rationale for the current offering, further cementing their strategy in the cryptocurrency mining sector.

Bail has been granted to individuals facing charges in a New York City criminal case involving allegations of severe conduct connected to virtual currency operations. The details of the case involve accusations against the suspects that led to legal proceedings. This development marks a significant step in the ongoing legal process surrounding the incident. Further court proceedings will determine the next phases of the case as it advances through the judicial system.