Based on market capitalization, Tether, the creator of USDT, the biggest stablecoin globally, added slightly less than 8,889 bitcoin (BTC) in the first quarter, as reported by on-chain trackers like Arkham Intelligence.Despite the lack of an official statement from Tether, a wallet that appears to be associated with the corporation indicates that 8,888.8888 bitcoin was sent to it on March 31.Naturally, Tether has never concealed its goal to purchase bitcoin with a percentage of its earnings.
With 75,354 bitcoins in that wallet as of right now, valued at nearly $5.2 billion at the current price of $69,000, Tether has made about $3 billion in profit.