Tether holds 8,888 BTC, becoming the sixth largest BTC holding address

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Foresight News
2 days ago
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According to Foresight News, based on Ember monitoring, Tether has again increased its holdings by 8,888 BTC ($735 million) in the first quarter of this year: Tether withdrew 8,888 BTC from Bitfinex on the first day after the end of the first quarter, which is the BTC purchased by Tether in this quarter.

Tether announced in May 2023 that it would regularly use 15% of the company's profits to purchase Bitcoin and enhance its reserves. Tether currently holds a total of 92,647 BTC ($7.64 billion), ranking as the 6th largest BTC wallet address. Its average BTC purchase cost is approximately $41,147, with an unrealized gain of $3.83 billion.

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