Golden Finance reported that according to data disclosed by Tom Wan, an on-chain analyst at 21Shares' parent company 21co, Tether's BTC balance increased by $176 million from the previous quarter. Using the price as of June 30, it is estimated that they hold about 55,022 BTC. In addition, the address starting with bc1qjas may belong to Tether. Last quarter, Tether's estimated balance was $1.5 billion, equivalent to about 53,490 BTC; bc1qjas's wallet holdings match Tether's quarterly holdings, and the BTC balance of this address increases every quarter, with 534.9 million BTC as of March 30 and 55,020 BTC as of June 30. There is currently 1 BTC address that matches Tether's balance. Assuming that Tether stores all Bitcoin in one address, the address starting with bc1qjas will be the most likely address to belong to Tether. This address is now the 11th largest BTC holder.