On April 1st at 1:21 UTC+8, Tether, the company behind the USDT stablecoin, significantly increased its Bitcoin holdings by acquiring an additional 8,888 to 8,890 BTC, with reported values ranging from $600 million to $630 million. This purchase brings Tether's total Bitcoin assets to approximately 75,354 BTC, valued at around $5.2 to $5.35 billion. The transaction was sourced from the Bitfinex hot wallet. Following this acquisition, Tether's total assets now stand at $7.64 billion, including the newly purchased Bitcoin and 1.74 billion USDT. This move has positioned Tether as the 7th largest Bitcoin holder globally, with the average purchase price of the Bitcoin being reported as $30,305.
🚨 Tether purchases an additional 8,888 #Bitcoin for over $629M
Tether now holds $5.1 billion of Bitcoin to back $USDT https://t.co/OrC6eq9wdD
Tether bought 8,888 more BTC for $600M. Thank you, Paolo. https://t.co/SA3QBXJllO
Tether Now Holds Over $5 Billion Worth of Bitcoin to Back USDT ► https://t.co/q5jgeff2EH https://t.co/q5jgeff2EH
Tether Amplifies #Bitcoin Holdings With Strategic 8,888.88 BTC Addition https://t.co/QgqY50FKHL
Tether Adds 8,888 BTC Worth $600 Million To Bitcoin Treasury, On-Chain Data Shows https://t.co/VALgQXf491
🚨 BREAKING 🚨 TETHER HAS BOUGHT ANOTHER 8890 BTC WORTH $630 MILLION IT NOW HOLDS 75354 BTC WORTH $5.31 BILLION https://t.co/Ehkw47ePAU
Tether buys 8,888 BTC ($627mn), bringing its BTC bag to 75,354 BTC ($5.35bn). They have now bought bags of BTC at the end of financial quarters twice in a row. @deepnftvaluebot https://t.co/1cb78Cp0lq
💰 Tether acquired 8,888 BTC worth $618 million, making it the 7th largest Bitcoin holder. ◾️Tether's wallet now holds 75,354 Bitcoin, bought at an average price of $30,305, worth $5.2 billion.
BREAKING: Tether just bought 8,888 more #Bitcoin worth $629 million 👀 They now hold $5.2 billion in Bitcoin https://t.co/9yPvhDOOAA
UPDATE: TETHER RECEIVED 8,889 #BITCOIN, WORTH ABOUT $627M FROM THE BITFINEX HOT WALLET
UPDATE: TETHER RECEIVED 8,889 #BITCOIN, WORTH ABOUT $627M FROM THE BITFINEX HOT WALLET.
#Tether’s wallet bc1qja…fc27a4 received 8,889 $BTC (~$627M) from #Bitfinex’s hot wallet on April 1 at 1:21 UTC+8. Tether’s assets now total $7.64B, including 75,354 BTC ($5.35B) and 1.74B USDT. https://t.co/sGMYNBpxbL
.@Tether_to bought another 8,889 $BTC (~$627M). https://t.co/g22ZGMzL0k https://t.co/z0NgmcWuQm
On April 1st at 1:21 UTC+8, Tether (bc1qja…fc27a4) received 8,889 BTC from the Bitfinex hot wallet, worth approximately $627 million. Tether currently has a total of $7.64 billion in assets, including 75,354 BTC (worth $5.35 billion) and 1.74 billion USDT.…