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BitcoinSistemi 2025-04-01 14:27:07

Tether Announces Massive Bitcoin Purchase – Becomes Sixth Largest BTC Holder

Tether Announces Massive Bitcoin Purchase – Becomes Sixth Largest BTC Holder

Stablecoin issuer Tether purchased an additional 8,888 Bitcoins in the first quarter of 2025, investing approximately $735 million. With this latest purchase, Tether's total BTC holdings reached 92,646 BTC, worth approximately $7.8 billion at current market prices. This transaction, which is in line with the company’s strategy of accumulating Bitcoin every quarter and consolidating its reserves at the end of the period, was recorded on April 1. With this latest purchase, Tether has the sixth-largest BTC balance in a single wallet. The owners of the largest BTC wallets were listed as Binance, Bitfinex, Robinhood, and the wallet where the hacked funds fell into the hands of US authorities after Bitfinex was hacked. The company launched its Bitcoin acquisition strategy in September 2022. The company officially announced its commitment to allocate 15% of its net profit to BTC purchases every quarter in May 2023. Since then, Tether has steadily increased its BTC reserves as part of its long-term diversification plan. Related News: Where Will Bitcoin Price Be at the End of the Year? Analyst Draws His Own Scenario: “Patience Will Be Tested” At current valuations, Tether’s BTC holdings represent an unrealized gain of approximately $3.86 billion. Tether continues to be one of the most profitable entities in the cryptocurrency sector. According to its latest audit report, the company made a net profit of $13 billion in 2024. A significant portion of this profit was due to interest income from US Treasury bonds, as well as unrealized gains from assets such as BTC and gold. *This is not investment advice. Continue Reading: Tether Announces Massive Bitcoin Purchase – Becomes Sixth Largest BTC Holder

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