USDT issuer Tether continued to purchase 8888.88 BTC (627M) through Bitfinex in the first quarter of this year.

Tether currently holds a total of 75,354 BTC (5.3B), becoming the 7th largest BTC wallet address. Their combined BTC purchase cost is about 30,530, and the current floating profit has reached 3 billion US dollars.

Since Tether announced in May 2023 that it would regularly use 15% of the company's profits to purchase Bitcoin to enhance its reserves, it has purchased a total of 21,861.6 BTC.