Tether has added 8,888 Bitcoin to its holdings, purchasing them for $735 million during the first quarter of 2025. This acquisition aligns with Tether’s commitment to investing 15% of its profits each quarter into Bitcoin.
- Tether’s total Bitcoin holdings have now risen to 92,647 BTC, with a total value estimated around $7.8 billion at the current Bitcoin price of approximately $83,000.
The company’s plan to allocate a significant portion of its profits to Bitcoin purchases reflects a strategy in place since May 2023. Tether’s USDT stablecoin stands as the largest in the market, boasting a market cap of $143 billion.
In the past fiscal year, Tether reported a profit of $13 billion, mainly attributed to interest earned on its large holdings of U.S. Treasuries backing USDT.
