On April 1, Tether increased his holdings of 8,888 BTC ($735 million) in the first quarter of this year:
Tether bought and reserved BTC addresses from Bitfinex on the first day just ended in the first quarter. This is the BTC Tether bought in the first quarter of this year. Tether has issued an announcement since May 2023 to decide to regularly use 15% of the company's profits to purchase Bitcoin enhanced reserves.
Tether currently holds a total of 92,647 BTC ($7.64 billion), making it the 6th largest BTC wallet address. Its comprehensive BTC purchase cost is approximately US$41,147, and its current floating profit is as high as US$3.83 billion.
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