Tether bought 7,629 Bitcoins worth $705.25 million from Bitfinex.
Tether, the company behind the world's largest stablecoin USDT, has made a new Bitcoin purchase.
Accordingly, Tether bought 7,629 BTC worth $705.25 million from Bitfinex after remaining inactive for 9 months.
Following its latest purchase, Tether holds 82,983 BTC worth $7.7 billion at an average price of $36,125.
Tether last purchased Bitcoin in the first quarter.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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