Tether buys 8,888 BTC as part of business strategy
Tether acquires 8,888 Bitcoins, expanding BTC treasury to over $7.6 billion.
Stablecoin giant Tether, the issuer of USDT, has significantly expanded its Bitcoin holdings, acquiring 8,888 BTC—valued at approximately $735 million—during the first quarter of 2025.
The move underscores Tether’s long-term commitment to Bitcoin accumulation, even as BTC posted one of its weakest Q1 performances in recent history, reports CoinGape.Tether Now Among Top Bitcoin Holders
With this latest acquisition, Tether’s Bitcoin treasury now totals 92,647 BTC, currently worth around $7.64 billion, positioning the company as the sixth-largest Bitcoin holder globally. According to blockchain analytics platform Spot On Chain, the firm holds an estimated $3.86 billion in unrealized profit on its BTC stash.
Tether first announced in May 2023 that it would allocate 15% of its quarterly profits to Bitcoin purchases. Since then, the company has consistently built its BTC position, executing purchases at the end of each quarter. The Q1 2025 acquisition coincides with a 12% decline in Bitcoin’s price—its worst first-quarter performance in seven years—highlighting Tether’s contrarian accumulation strategy.
USDT Minting Accelerates Amid Stablecoin Competition
In parallel with its BTC strategy, Tether has continued expanding its USDT issuance, minting $1 billion in new USDT on the Tron network in the past 24 hours alone. Total USDT supply on Tron now exceeds $8 billion, contributing to the firm’s annual tally of over $40 billion in newly minted USDT.
Tether’s aggressive expansion comes amid mounting competition in the stablecoin space. Ripple recently launched its RLUSD token, while Circle, the issuer of USDC, is reportedly preparing for a public IPO filing in April, with potential trading on Wall Street as soon as May.
Meanwhile, Tether faces regulatory headwinds in Europe, where it has scaled back its operations due to the Markets in Crypto-Assets (MiCA) regulatory framework.
Bitcoin Market Remains Volatile
As of Monday, Bitcoin is trading at $83,112, up 1.94% on the day, with daily trading volume surging 58% to $27.3 billion. Market watchers anticipate continued volatility this week, especially ahead of President Trump’s “Liberation Day” on April 2, which is expected to launch a new wave of reciprocal tariffs and macroeconomic uncertainty.
Altcoins have seen sharper drawdowns amid the broader correction, and analysts expect Bitcoin to test critical support levels in the days ahead.
Outlook
Despite macro-driven volatility and regulatory friction, Tether’s latest BTC purchase highlights sustained institutional interest in Bitcoin as a long-term asset. As stablecoin firms like Tether and Circle expand their influence across both crypto and traditional markets, their strategies may continue to play a defining role in shaping Bitcoin’s next move.
Recently we wrote, that Circle Internet Financial is preparing to file for an initial public offering (IPO) in late April and has enlisted the support of banking giants JP Morgan Chase and Citigroup to lead the effort.
