After 9 months of "silence" in the effort to supplement Bitcoin reserves, Tether has returned with a purchase of 7,629 BTC worth 705.25 million USD.

According to on-chain data from Arkham Intelligence, the wallet address labeled as Tether's reserve just purchased an additional 7,629 BTC worth 705.25 million USD after 9 months of "silence".

The last time this stablecoin issuer bought a large amount of Bitcoin was at the end of March with approximately 8,889 BTC valued at 626.84 million USD at that time. $BTC