According to BlockBeats, on April 1st, on-chain data revealed that an address marked as Tether added 8,888 Bitcoins to its holdings, equivalent to approximately $630 million. The total holdings now stand at 75,354.08 Bitcoins, with a current value of $5.34 billion.
BlockBeats previously reported that Tether had also purchased 8,888 Bitcoins at the end of the last quarter, valued at $380 million at the time. Tether began buying Bitcoin in September 2022, with an initial purchase of 33,980 BTC. Since then, the company has continued to acquire Bitcoin every quarter.