Tether, the company behind the stablecoin USDT, made headlines in the first quarter of 2025 by purchasing a staggering 8,888 BTC, valued at around $750 million based on chain data.
Of particular interest is Tether’s wallet, which currently holds a total of 100,521 BTC, amounting to approximately $8.46 billion. This wallet ranks sixth in terms of BTC holdings, marking it as one of the largest Bitcoin holders.
Tether’s strategic Bitcoin purchases began in September 2022, and in 2023, the company announced plans to use 15% of quarterly profits to buy Bitcoin as reserve assets, aiming to diversify risk and solidify its position as a major Bitcoin holder.
With a net profit of around $13 billion in the past year, Tether primarily benefited from returns on investments in US Treasury bonds, which serve as reserve assets for issuing USDT.
Source: The Block
TLDR: Tether made a significant Bitcoin purchase in Q1 2025, buying 8,888 BTC valued at $750 million. The company holds a substantial amount of BTC in its wallet and plans to use profits to buy Bitcoin as reserve assets.
Leave a Comment