Key Takeaways
- Tether’s total Bitcoin reserves is now over 100,500 BTC, valued at around $8.4 billion at current market prices.
- Tether’s ongoing Bitcoin accumulation follows its May 2023 announcement that it would allocate 15% of net profits each quarter toward Bitcoin purchases
Tether, the issuer of the world’s largest stablecoin USDT, has expanded its Bitcoin holdings in the first quarter of 2025, purchasing 8,888 BTC for approximately $744 million. On-chain transaction data confirms the acquisition, bringing Tether’s total Bitcoin reserves to over 100,500 BTC, valued at around $8.4 billion at current market prices.
This latest purchase aligns with Tether’s strategy of accumulating Bitcoin each quarter and transferring it to its reserve wallet as the quarter concludes. Blockchain analytics firm Arkham Intelligence reports that the stablecoin issuer now holds 100,521 BTC, placing it among the largest institutional Bitcoin holders globally.
Tether’s ongoing Bitcoin accumulation follows its May 2023 announcement that it would allocate 15% of net profits each quarter toward Bitcoin purchases. Since implementing this policy, the company has consistently increased its Bitcoin reserves, citing long-term diversification as a key objective.
Beyond crypto, Tether has been expanding its investment footprint. Last month, the company invested €10 million ($10.8 million) in Italian media company Be Water. Further, it also acquired a majority stake in Juventus FC, a leading Serie A football club, and has taken a significant position in South American agribusiness Adecoagro.
Tether remains one of the most profitable firms in the crypto industry. It reported $13 billion in net profit for 2024, primarily driven by interest income from U.S. Treasury holdings, alongside unrealized gains from Bitcoin and gold. The company has also become a major force in global finance, ranking as the seventh-largest buyer of U.S. Treasurys—surpassing nations such as Canada, Taiwan, and Mexico.
Despite Bitcoin’s nearly 12% decline in Q1 2025—the worst first-quarter performance since 2018—Tether’s Bitcoin holdings remain profitable. At current market prices, the company has approximately $3.86 billion in unrealized gains from its BTC holdings, reinforcing its confidence in the asset.
