Mars Finance News, according to on-chain analyst Yu Jin's monitoring, Tether, the USDT issuer, purchased 8,888 BTC ($735 million) in the first quarter of this year: Tether's BTC purchase and reserve address withdrew 8,888 BTC from Bitfinex on the first day of the quarter's end. This is the BTC Tether purchased in the first quarter of this year: Tether decided to use 15% of the company's profits to regularly purchase Bitcoin to enhance reserves since announcing this in May 2023. Tether currently holds a total of 92,647 BTC ($7.64 billion), ranking as the 6th largest BTC wallet address. Their average BTC purchase cost is approximately $41,147, with a current unrealized gain of $3.83 billion.
Data: Tether purchased another 8,888 BTC in Q1 this year, equivalent to about US$735 million
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