Tether Increases Bitcoin Holdings with $735 Million Purchase

Highlights:

• Tether bought Bitcoin for $735 million, increasing its total holdings to 92,647 BTC.
• Tether uses profits to buy Bitcoin, adding more to its reserves at the end of every quarter.
• The crypto firm has also invested in agribusiness and media industries.

Tether, the issuer of the USDT stablecoin, purchased 8,888 Bitcoin in the first quarter of this year. Tether purchased the assets for $735 million, which boosted its holdings to 92,647 BTC, currently worth $7.64 billion. The company now ranks as one of the six largest Bitcoin holders worldwide.

BREAKING:

TETHER JUST BOUGHT 8,888 BITCOIN
WORTH $735 MLLION FOR ITS RESERVE.
ITS NOW HOLD $8.34 BILLION IN BITCOIN

WHALES ARE LOADING UP pic.twitter.com/7Lasrem7vS

— Ash Crypto (@Ashcryptoreal) April 1, 2025

The company committed to buying BTC using 15% of its quarterly earnings and has maintained the practice since it declared the strategy. Moreover, it reported a $13 billion profit in the past year. The company also became the world’s seventh-largest buyer of US Treasurys. It surpassed countries such as Canada, Taiwan, Mexico, Norway, and Hong Kong.

Tether has expanded its Bitcoin holdings through this initiative to build stronger corporate reserves. The company maintains its assets through gold holdings, cash equivalents, and short-term investments. The combination of assets enables the company to keep USDT stable. The move has helped the stablecoin to emerge as the top stablecoin in the market.

Tether Grows Despite Market Changes

The latest Bitcoin purchase by Tether comes at a time when the cryptocurrency market is also seeing fluctuations. Bitcoin’s price fell by 12.5% in the first quarter of 2025, marking one of the weakest performances in the first quarter in recent years. Nevertheless, Tether is continuing to invest in Bitcoin and believes in the long-term viability of the coin.

According to Paolo Ardoino, the CEO of Tether, Bitcoin is definitely playing an important role within the company’s reserve strategy. Tether, he said, is still dedicated to putting some of its profits towards adding to its Bitcoin asset holdings. He said that the business is confident in the power and advantage of BTC and, thus, is dedicated to enhancing its exposure to the digital asset.

Meanwhile, Tether has also grown its USDT supply. Just recently, the company minted 1 billion additional USDT on the Tron blockchain. Over the year, it has issued around $40 billion of new USDT and has remained dominant in the stablecoin industry. USDT accounts for 61% of the total stablecoin market and is far ahead of its competitors.

JUST IN: TETHER MINTS ANOTHER $1B $USDT ON TRON NETWORK, PUSHING 2025 TOTAL TO $8B pic.twitter.com/TQOhwY0iVO

— Cult of Blockchain (@BlockchainCult) March 31, 2025

Aside from cryptocurrencies, Tether has directed investments into other industries. The company boosted its stake in Latin American agribusiness Adecoagro to 70% in March. The firm specializes in sustainable food production, and it operates in Argentina, Brazil, and Uruguay. Furthermore, Tether paid €10 million to buy a 30.4% stake in Be Water, an Italian media company.

Potential Market Implications

The continuing purchase of Bitcoin by Tether may impact the overall digital asset market. Its strategy to increase its BTC holdings could influence the market since it is one of the largest stablecoin issuers. Other institutions may emulate the approach and integrate BTC into their reserves.

The purchase by Tether comes after JP Morgan published a report that suggested the company has to sell its BTC holdings in order to comply with the proposed U.S. regulations. The firm has suggested that Tether should replace its noncompliant assets with compliant ones.