He sits on 3,860,000,000 dollars of unreasonable profits after 8,888 huge bitcoin: data on the chain
According to the Tether Stablecoin Tether, on Bitcoin (BTC) profits of $ 3.86 billion.
The encryption spot on the chain Notes Tether has the sixth largest Bitcoin portfolio in the world, with a total of 92,647 BTC at a value of $ 7.88 billion at the time of writing this report.
Tether has 100,521 BTC in total, which means that the company holds approximately 8000 BTC outside its backup wallets, according to what he said Arkham encryption platform.
Source Stablecoin Declare In May 2023, it will regularly allocate up to 15 % of its operating profits achieved to buy bitcoin, and bought 8,888 BTC for $ 735 million in the first quarter of 2025.
The CEO of Tether Paolo Ardoino said in 2023 that Bitcoin appeared as a valuable store and “has been constantly proven flexible.”
“Our investment in Bitcoin is not just a way to enhance our wallet performance, but it is also a way to align ourselves with a transformative technology that has the ability to reshape the way we manage our business and live our lives.”
Tether Tether usdt, the largest stablecoin by the maximum market.
BTC is trading at $ 85,111 at the time of this report. The highest classified encryption assets have increased by the maximum market by more than 3 % in the past 24 hours, but it decreased by approximately 3 % last week.
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