Tether Increases Holdings by 8,888 Bitcoins in the First Quarter! Total Holdings Exceed 92,000 Bitcoins, What is the Average Purchase Price?

According to data from the on-chain intelligence platform Arkham, the Bitcoin wallet address of USDT issuer Tether received an inflow of 8,888 Bitcoins approximately 5 hours ago, with a total value of about $735 million.

On-chain analyst Yu Jin pointed out that this Bitcoin is likely part of the Bitcoin reserves accumulated for the first quarter of 2025. The company announced in May 2023 its decision to regularly allocate 15% of its profits to purchase Bitcoin as a reserve asset. So far, the company has accumulated a total of 92,647 Bitcoins, with a total value of approximately $7.64 billion, at an average purchase price of about $41,147, currently showing an unrealized profit of up to $3.83 billion.