Jack Mallers, co-founder of a new business alongside Tether, announced plans for his company to potentially acquire up to 5% of the total Bitcoin supply, which equates to nearly one million BTC or approximately 800,000 BTC according to some estimates
Jack Mallers, co-founder of a new business alongside Tether, announced plans for his company to potentially acquire up to 5% of the total Bitcoin supply, which equates to nearly one million BTC or approximately 800,000 BTC according to some estimates. Mallers highlighted that with their experience and reach, such an acquisition could lead to impactful developments within the Bitcoin network. This move reflects the growing influence of major players in the cryptocurrency space and suggests potential shifts in Bitcoin’s market dynamics. The company’s association with Tether, a prominent stablecoin issuer, underscores a strategic partnership aimed at leveraging their combined expertise to benefit the broader crypto ecosystem.
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Source: https://thedefiant.io/news/markets/jack-mallers-tether-co-founder-plans-to-acquire-up-to-5-bitcoin-supply-nearly-1-7805a26a