Tether Added Nearly 8.9K Bitcoin to Holdings in First Quarter: On-Chain Data
Summary
Tether, the issuer of the world's largest stablecoin USDT, added approximately 8,889 bitcoin (BTC) in the first quarter. This information was revealed by on-chain trackers like Arkham Intelligence. The wallet believed to belong to Tether received 8,888.8888 bitcoin on March 31. The wallet now holds 75,354 bitcoins, valued at about $5.2 billion at the current BTC price of $69,000. This puts Tether's profit at around $3 billion.
