Tether boosts Bitcoin reserves with latest acquisition
The acquisition of 8,888 Bitcoin makes Tether the seventh-largest BTC holder.
Tether, the issuer of USDT, the world’s largest stablecoin, acquired 8,888 Bitcoin (BTC) worth $618 million on March 31.
Following the acquisition, Tether’s wallet now holds 75,354 Bitcoin, bought at an average price of $30,305 and worth $5.2 billion at the time of writing, according to on-chain data.
The wallet is up over 128%, with a current unrealized profit of $2.94 billion, according to CoinStats data.
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