TLDR
Tether purchased 8,888 BTC worth $735 million on the last day of Q1 2025
Tether’s total Bitcoin holdings now stand at between 92,647-100,521 BTC (worth $7.64-8.29 billion)
This acquisition makes Tether the sixth-largest Bitcoin holder and second-largest private firm holding Bitcoin
Tether is following its May 2023 commitment to allocate 15% of profits to Bitcoin purchases
Tether remains the dominant stablecoin issuer with a $144 billion market cap, controlling 61% of the stablecoin market
Tether, the company behind the USDT stablecoin, has expanded its Bitcoin holdings with a purchase of 8,888 BTC worth $735 million on the final day of Q1 2025. This acquisition was made despite Bitcoin experiencing a 12% price drop during the quarter, one of its worst performances in seven years.
The purchase brings Tether’s total Bitcoin holdings to 92,647 BTC according to some sources, while others report it as high as 100,521 BTC. At current prices, these holdings are valued between $7.64 billion and $8.29 billion.
Data from Arkham Intelligence shows that Tether made the withdrawal from Bitfinex, a sister company and cryptocurrency exchange, on Monday at 20:58 UTC. This transaction further strengthens Tether’s position in the cryptocurrency market.
The latest acquisition aligns with Tether’s May 2023 commitment to allocate 15% of its profits toward Bitcoin purchases. This strategy aims to bolster the company’s reserves through regular Bitcoin investments.
Tether’s expanding Bitcoin reserve has made it the sixth-largest Bitcoin holder globally. Among private companies, it ranks as the second-largest Bitcoin holder, behind only investment firm Block.one.
Tether just released the attestation for Q4 2024.
Highlights as of 31st December 2024:
– $13.7 billion profit for year 2024 – ~$6 billion profit for Q4 2024– $113 billion in direct and indirect holdings– $7 billion in Tether’s excess stablecoin reserves (36% increase YoY),… https://t.co/izYONstKuF
— Paolo Ardoino 🤖 (@paoloardoino) January 31, 2025
Only a few entities hold more Bitcoin than Tether. These include Strategy (formerly MicroStrategy) and the top three US Bitcoin spot ETF issuers: BlackRock, Fidelity, and Grayscale.
Market Analysis
Tether’s previous Bitcoin purchase occurred in December 2024, when it acquired 8,404 BTC. At that time, the addition brought its holdings to 83,759 BTC.
According to Spot On Chain data, Tether currently has unrealized profits of approximately $3.86 billion from its Bitcoin investments. This figure highlights the success of Tether’s Bitcoin acquisition strategy despite recent market volatility.
USDT issuer #Tether acquired 8,888 $BTC ($735M) in Q1 2025!
In May 2023, Tether announced plans to allocate 15% of its profits each quarter to #Bitcoin purchases for its reserves, with BTC acquired gradually throughout the quarter and settled at the end.
Currently, Tether’s… pic.twitter.com/yGBPEyqLuz
— Spot On Chain (@spotonchain) April 1, 2025
In addition to its Bitcoin purchases, Tether minted fresh $1 billion USDT on the Tron network. Tether CEO Paola Ardoino confirmed this transaction, describing it as authorized but not issued USDT that will serve as inventory for future issuance requests.
Since the beginning of 2025, Tether has minted $8 billion USDT on the Tron network. Looking back further, the company has created a total of $22 billion USDT on Tron over the past year.
Tether maintains its dominant position in the stablecoin market with a market capitalization of $144 billion. This represents 61% of the total stablecoin market, valued at approximately $234 billion.
Its closest competitor, USD Coin (USDC), has a market cap of $60 billion, less than half of Tether’s valuation. This gap highlights Tether’s continued leadership in the stablecoin sector.
Tether reported record profits of $13.7 billion last year in its Q4 2024 report. The company maintains $7 billion in excess stablecoin reserves to ensure that every USDT issued is fully backed.
Beyond cryptocurrencies, Tether has been expanding its investment portfolio. On March 27, the company increased its stake in Adecoagro, a Latin American agricultural firm, to 70%. Tether also plans to purchase a 30% stake in Be Water, an Italian media company.
Tether made waves in traditional markets by becoming the seventh-largest buyer of U.S. Treasury securities in 2024, with a $33.1 billion investment. This puts its holdings ahead of countries like Canada, Mexico, and Germany.
The current Bitcoin price stands at $83,112, showing a 1.94% increase amid rising market volatility. Despite the recent market declines, Tether’s continued Bitcoin acquisitions demonstrate its long-term confidence in the cryptocurrency.
