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Tether acquired 8,888 BTC in Q1 2025, increasing its total Bitcoin holdings to 92,647 BTC.
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The purchase follows a record $13 billion profit in 2024.
Tether has increased its Bitcoin reserves by 8,888 BTC in the first quarter of 2025, in a purchase valued at approximately $735 million. With the latest addition, Tether now holds 92,647 BTC, worth around $7.63 billion based on current market prices.
The purchase is consistent with Tether’s present strategy, announced in May of 2023, to spend up to 15% of quarterly profits on Bitcoin purchases as a way to diversify and add strength to its reserve portfolio.
Tether confirmed that the newly acquired BTC is free and held separately from the assets backing its flagship stablecoin, USDT. The firm’s Bitcoin wallet activity is publicly trackable and has been verified by blockchain analytics firms, contributing to growing criticism and transparency around Tether’s reserve composition.
With the latest acquisition, Tether remains one of the largest institutional holders of Bitcoin globally.
Strong 2024 Performance Supports Broader Diversification Push
Tether reported net income of over $13 billion in 2024, driven by stablecoin issuance growth and returns on reserve holdings, including U.S. Treasuries. The company’s group equity rose over $20 billion, with exposure to U.S. Treasuries amounting to $113 billion—one of the world’s largest U.S. Treasury holders.
In 2024, Tether launched more than $45 billion in USDT, bringing the supply to a market capitalization of approximately $144 billion. This accounts for 61% of the total stablecoin market, far ahead of USD Coin (USDC), whose market cap currently stands at $60 billion.
Outside of crypto, Tether has expanded its investment footprint. The company increased its ownership stake in Latin American agricultural company Adecoagro to 70%, has also increased its stake in Bitdeer to 21.4%, and is in the process of acquiring a 30% stake in Italian media company Be Water.
Both acquisitions are intended to form a larger plan aimed at creating a vast, diversified portfolio with sound liquidity and reserve support.
As part of its ongoing risk management framework, Tether maintains more than $7 billion in excess reserves—representing a 36% increase year-over-year. These excess reserves are designed to provide additional liquidity support and improve confidence in USDT’s full backing.