Tether’s Bitcoin Holdings Surge with 8,888 Coins, Profits Exceed $3 Billion

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Tether Increases Holdings by 8,888 BTC
Tether Ranks Third in Private Company Holdings
Tether Increases Holdings by 8,888 BTC
On April 1st, blockchain data shows that Tether’s address once again increased its holdings by 8,888 bitcoins, with a value of approximately $629 million.
The relevant data is as follows:
Total holdings: 75,354 bitcoins (approximately $5.31 billion)
Average purchase price: approximately $47,988
Total cost: approximately $2.302 billion
Unrealized profit: $3.008 billion
Previously reported, Tether announced that starting from May 2023, it will allocate 15% of its realized net operating profit (such as realized US dollar interest from treasury bills) for the purchase of bitcoins.
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Tether
Tether Increases Holdings by Purchasing More Bitcoins, Total Holdings Reach 66,000, with a Return Rate of 79%
Tether Address
Tether Ranks Third in Private Company Holdings
According to BitcoinTreasuries data, as of now, Tether’s bitcoin holdings rank third among unlisted private companies, second only to EOS developer Block.one (164,000 bitcoins) and bankrupt exchange Mt.GOX.
MicroStrategy (MSTR), known for investing in bitcoins, holds 214,246 bitcoins.
(Bloomberg: MicroStrategy Shares Plunge 11% as Short-Selling Firm Kerrisdale Capital Pessimistic)
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Further Reading
Stablecoin Protocol Ethena Airdrops 750 million ENA Tokens, Introducing Bitcoin as Collateral Asset
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