Tether Expands Bitcoin Holdings to 92,646 BTC in Q1, Adding 8,888 BTC for $735 Million
Tether has bolstered its bitcoin reserves to 92,646 BTC, purchasing 8,888 BTC for $735 million in the first quarter of 2025. The stablecoin giant has consistently allocated 15% of its quarterly profits towards bitcoin acquisitions, a strategy it has adhered to since May 2023.
With bitcoin priced at around $83,000, Tether’s current bitcoin holdings are valued at approximately $7.7 billion. USDT, the company’s stablecoin, remains the largest in circulation, commanding a $143 billion market cap. Tether generated $13 billion in profits in 2024, predominantly from interest accrued on its extensive U.S. Treasury bond holdings that back the USDT supply.
This latest purchase underscores Tether’s ongoing commitment to diversifying its reserves and reinforcing its financial strength through strategic bitcoin accumulation.
