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On March 31, the issuer of USDT — Tether — increased its bitcoin reserves by 8888 BTC ($618 million), reaching 75,354 BTC ($5.23 billion). Thanks to this latest transaction, the company moved to the seventh position in the ranking of the largest holders of digital gold with a share of 0.359% of its supply among private and public companies. 
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Only MicroStrategy (214,246 BTC), Grayscale Bitcoin Trust ETF (335,154 BTC), iShares Bitcoin Trust ETF (252,011 BTC), Fidelity Wise Origin Bitcoin Fund ETF (143,743 BTC), Block.One (164,000 BTC), and MtGox (141,685 BTC) are ahead, according to BitcoinTreasuries. 
Taking into account the positions of the US (207,189 BTC) and China (194,000 BTC), Tether occupies the ninth place, according to BuyBitcoinWorldwide. 
According to CoinStats, the average purchase price of the coins was $30,305. Unrealized profit reached $2.957 billion (+129.5%). Tether’s previous purchase of 8888 BTC also occurred on December 31, 2023. 
The company has not officially disclosed its bitcoin addresses, but in August, analyst 21.co Tom Van identified a wallet that, according to his estimates, belonged to the company. 
Tether first disclosed its bitcoin reserves in May. At that time, the company also announced its intention to regularly invest up to 15% of its profits in digital gold. 
Recall that in March 2024, the issuer of USDT announced a strategic expansion of its activities in the artificial intelligence industry.

Tether bought 8888 BTC — bitcoin reserves reached $5.23 billion.

Blocksays

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