Tether (CRYPTO:USDT) has notably increased its Bitcoin (CRYPTO:BTC) reserves, adding 8,888.88 Bitcoins to its holdings as revealed by onchain data on March 31.

This recent acquisition boosts its total to 75,354 Bitcoins, positioning Tether's Bech32 address as the seventh-largest Bitcoin holder.

This move by the stablecoin giant underscores its strategy to diversify and strengthen its cryptocurrency assets portfolio, even though there has been no official confirmation from Tether regarding this purchase.