Tether purchased another 8,888 BTC in the first quarter, bringing its total holdings to 92,647

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ODAILY
04-01
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News: According to @EmberCN monitoring, Tether, the USDT issuer, withdrew 8,888 BTC (approximately $735 million) from Bitfinex on the first day of the first quarter, which represents the Bitcoin purchased for this quarter. Since May 2023, Tether has been using 15% of its company profits to regularly purchase BTC to enhance its reserves. As of now, Tether holds a total of 92,647 BTC (approximately $7.64 billion), ranking as the 6th largest BTC wallet address, with an average purchase price of around $41,147, and currently showing an unrealized gain of $3.83 billion.

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