Tether,
the
issuer
of
USDT,
the
world’s
largest
stablecoin
based
on
market
cap,
added
just
shy
of
8,889
bitcoin
(BTC)
in
the
first
quarter,
according
to
on-chain
trackers
such
as
Arkham
Intelligence.
Though
Tether
made
no
official
announcement
of
the
action,
a
wallet
believed
to
belong
to
the
company
shows
as
having
8,888.8888
bitcoin
moved
to
it
on
March
31.
Tether,
of
course,
has
made
no
secret
of
its
intention
to
use
a
portion
of
its
profits
to
acquire
bitcoin.
That
wallet
is
now
the
holder
of
75,354
bitcoins
worth
about
$5.2
billion
at
BTC’s
current
price
of
$69,000,
putting
Tether’s
profit
at
roughly
$3
billion.
