Tether increases holdings of 8888 BTC, becoming the sixth largest BTC holding address

According to BlockBeats, on April 1st, according to monitoring by Ashes, Tether increased its holdings of 8888 BTC ($735 million) again in the first quarter of this year On the first day of the first quarter, Tether raised 8888 BTC from Bitfinex to purchase and reserve BTC. This is the BTC purchased by Tether in the first quarter of this year. Tether announced in May 2023 that it will regularly allocate 15% of its profits to purchase Bitcoin to enhance its reserves. Tether currently holds a total of 92647 BTC ($7.64 billion), making it the 6th largest BTC wallet address. The comprehensive purchase cost of BTC is about $41147, and the current floating profit is as high as $3.83 billion.