The huge Bitcoin buy coincides with surging institutional interest, fueled by U.S. Bitcoin ETFs and the approaching halving. This solidifies Tether as a major Bitcoin player, both as a holder and future miner.

With the impending Bitcoin halving set to reduce block rewards to 3.125 BTC, miners are investing heavily in new equipment and exploring low-cost regions for operations.

Matrixport predicts a significant rise in Bitcoin’s value, driven by market and technological advancements. Key factors include major financial events and strategic crypto developments slated for the near future.