Tether Adds Nearly $1 Billion in Bitcoin, Becomes Sixth-Largest Global Holder

Tether transferred approximately $1 billion worth of Bitcoin from Bitfinex wallets to its primary reserve address in two transactions this week, raising its holdings to 87,296 BTC. The USDT issuer now ranks as the world's sixth-largest Bitcoin holder. With an estimated average acquisition cost of $49,121 per coin, Tether's position carries unrealized gains of roughly $4.55 billion, according to Bitcoin Treasuries data.