Tether buys 8888 BTC again on Q1, worth $735 million
Reprinted from panewslab
04/01/2025·1MAccording to PANews on April 1, USDT publisher Tether purchased another 8,888 BTC ($735 million) in the first quarter of this year, according to on-link analyst Ember Monitoring:
Tether bought and reserved BTC addresses on the first day of the first quarter just ended. This is the BTC that Tether purchased in the first quarter of this year: since May 2023, Tether has issued an announcement to regularly use 15% of the company's profits to purchase Bitcoin enhanced reserves.
Tether currently holds a total of 92,647 BTC (US$7.64 billion), making it the sixth largest BTC wallet address. Their comprehensive purchase cost of BTC is about $41,147, and their current floating profit is as high as $3.83 billion.
