Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Tether purchased another 8,888 BTC in Q1 this year, approximately equivalent to 735 million US dollars

Tether purchased another 8,888 BTC in Q1 this year, approximately equivalent to 735 million US dollars

Bitget2025/04/01 01:11

Golden Finance reports, according to on-chain analyst Yu Jing's monitoring, USDT issuer Tether purchased another 8,888 BTC ($735 million) in the first quarter of this year: The address where Tether purchases and reserves BTC withdrew 8,888 BTC from CEX on the first day after the end of the first quarter. This is the amount of BTC that Tether bought in the first quarter: Since May 2023, Tether has announced a decision to regularly use 15% of company profits to purchase Bitcoin for reserve enhancement.

Tether currently holds a total of 92,647 BTC ($7.64 billion), making it the sixth largest BTC wallet address. Their comprehensive cost for purchasing BTC is approximately $41,147 per coin with current unrealized gains reaching as high as $3.83 billion.

0

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!