🔥Tether has bought more Bitcoin.

#Tether , the company behind the Tether stablecoin, has acquired 8,889 BTC valued at $626 million as of March 31, on-chain data at @Arkham Intelligence shows.

Following this acquisition, Tether's wallet now has 75,354 BTC in total, purchased at an average price of $30,305, giving a total value of its wallet of $5.15 billion at current prices.

With this new acquisition, Tether becomes the seventh largest #holder of #Bitcoin in the world. So far the company has not commented on its new acquisition.

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