Tether Increases Holdings with 8,888 Bitcoins, Floating Profits Exceed $3 Billion USD

Table of Contents
Toggle
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, worth approximately $629 million.
The relevant data is as follows:
Total holdings: 75,354 bitcoins (approximately $5.31 billion)
Average acquisition 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 benefits from treasury bonds) to purchase bitcoins.
Advertisement – Continue scrolling for more content
[Image]
[Image]
[Image]
[Image]
(
Tether buys more bitcoins, holding a total of 66,000, with a return rate of up to 79%
)
[Image]
[Image]
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, only behind EOS developer Block.one (164,000) and bankrupt exchange Mt.GOX.
MicroStrategy (MSTR), well-known for its bitcoin investments, holds 214,246 bitcoins.
(
MicroStrategy’s stock price plunges 11% as short-selling institution Kerrisdale Capital criticizes it
)
BTC
Tether
USDT
Bitcoin
[Image]
[Image]
Further Reading
Stablecoin protocol Ethena airdrops 750 million ENA tokens, introduces bitcoin as collateral asset
Tether expands into AI industry! Tether Data, its artificial intelligence department, is currently recruiting to avoid AI technology monopolies.