Deutsch한국어日本語中文EspañolFrançaisՀայերենNederlandsРусскийItalianoPortuguêsTürkçePortfolio TrackerSwapCryptocurrenciesPricingIntegrationsNewsEarnBlogNFTWidgetsDeFi Portfolio TrackerOpen API24h ReportPress KitAPI Docs

Tether Acquires 8,888 BTC for $735M in Q1 2025, Total Holdings Reach $8.41B

1d ago
bullish:

0

bearish:

0

Share

Tether Acquires 8,888 BTC for $735M in Q1 2025, Total Holdings Reach $8.41B

  • Tether bought 8,888 BTC for $735 million in Q1 2025.
  • Total Bitcoin holdings now stand at 100,521 BTC, worth $8.41 billion.

According to Arkham Intelligence, Tether, the issuer of USDT, added 8,888 Bitcoin, worth $735 million, in Q1 2025. This resulted in an overall increase in bitcoin holdings to 100,521 BTC, valued at roughly $8.29 billion. Tether will continue to inject Bitcoin purchases with 15% of profits from other activities, a strategy first announced in May 2023. 

Tether now ranks as the sixth-largest Bitcoin holder, with an unrealized profit of $3.86 billion. Its average BTC purchase cost stands at $41,147. The company withdrew the latest BTC purchase from Bitfinex on the first day after Q1 ended. Despite Bitcoin’s 12% slump in Q1, Tether continues to expand its reserves.

Tether’s Growing Influence

The price of Bitcoin is steeping at 83,986, with an uptick of 2.52% in the past 24 hours on increased volatility on the market. Bullish is Tether, which seems to remain unaffected by the increased volatility in the market. The stablecoin issuer minted USDT, which amounts to adding $1 billion on Tron in the last day, with its total USDT supply on Tron crossing $8 billion now. 

Despite a growing competitive market from Ripple’s RLUSD and Circle’s extra competition, It still holds sway over the stablecoin market. The current market valuation of USDT stands at $144 billion, constituting 61% of the stablecoin market. Its closest competitor, USD Coin (USDC), has a market cap of $60 billion. 

Tether’s investments are spreading far beyond crypto. It ramped up its interests in Latin American agricultural firm Adecoagro to 70% on March 27. It plans to acquire 30% of Italy’s media company Be Water.

Tether remains a financial powerhouse. It issued $45 billion in USDT last year and returned an unprecedented profit of $13.7 billion in Q4 2024. It has also become the seventh-largest buyer of U.S. Treasury securities, with an investment of $33.1 billion. 

This puts its holdings ahead of Canada, Mexico, and Germany. Tether stores an excess of $7 billion to guarantee the full backing of USDT. This aggressive Bitcoin strategy, coupled with Tether’s dominance in stablecoins and its diversified investments, helps cement Tether’s financial strength.

Highlighted Crypto News Today
Curve DAO Token Breaks Out of Falling Wedge, Eyes More Upside

1d ago
bullish:

0

bearish:

0

Share
Manage all your crypto, NFT and DeFi from one place

Securely connect the portfolio you’re using to start.