Tether, the issuer of the USDT stablecoin, has expanded its Bitcoin holdings with a $735 million purchase made in the first quarter of 2025.
This latest investment has positioned the company as the sixth-largest Bitcoin holder globally.
Details From the Purchase
According to data from Spot On Chain, Tether acquired 8,888 BTC, bringing its total reserves to 92,647 BTC, valued at approximately $7.64 billion at current market prices. The stablecoin issuer’s unrealized profit on its holdings is estimated at $3.86 billion.
Notably, the company remained committed to its accumulation strategy despite Bitcoin experiencing a 12% decline in Q1 2025, the flagship cryptocurrency’s worst quarterly performance in seven years.
In May 2023, Tether announced plans to allocate 15% of its net realized operating profits each quarter to BTC buys for its reserves, with the asset acquired gradually throughout the period and settled at the end. This approach is designed to strengthen and diversify its hol
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