On-chain data shows Tether, the issuer of USDT, made a rare move during the latest Bitcoin downturn, withdrawing 961 BTC worth about $97 million from Bitfinex just hours ago.
The transaction was flagged on blockchain trackers monitoring Tether’s Bitcoin reserve address, marking its first significant accumulation since late Q3 2025.
A Strategic Buy-the-Dip Move
Historically, Tether’s Bitcoin purchases occur on the final day of each quarter, using 15% of the company’s realized profits.
This latest withdrawal, however, breaks that pattern, suggesting opportunistic buying amid recent price weakness around the $100K level.
Tether’s wallet now holds 87,296 BTC, valued at $8.84 billion, positioning it among the largest institutional Bitcoin holders worldwide.
The firm’s average acquisition price is estimated at $49,121, giving it a floating profit of roughly $4.55 billion at current prices.
Long-Term Commitment Amid Volatility
Tether’s Bitcoin investment strategy, introduced in 2023, aims to diversify the company’s reserves beyond traditional assets like U.S. Treasuries.
Despite volatility, its consistent accumulation has reinforced market confidence that major stablecoin issuers remain active participants in the Bitcoin economy.
With the latest purchase, analysts suggest that Tether’s move could indicate renewed institutional conviction at current price levels — even as traders debate whether the market’s correction phase is nearing its end.
