Tether now holds $8.41B in Bitcoin

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Tether, the issuer of USDT, has made significant moves in the crypto market. In the first quarter of 2025, Tether added 8,888 Bitcoin, worth $735 million, increasing its total Bitcoin holdings to 100,521 BTC, valued at around $8.29 billion.

This strategy, which involves using 15% of profits from other activities to buy Bitcoin, was first announced in May 2023. Tether is now the sixth-largest holder of Bitcoin, with unrealized profits of $3.86 billion and an average purchase price of $41,147 per BTC.

Despite a 12% decline in Bitcoin’s price during Q1, Tether continues to grow its reserves. Currently, Bitcoin is priced at $83,986, showing a 2.52% increase in the last 24 hours amid market volatility. Tether remains bullish and has minted $1 billion in USDT on the Tron network, bringing its total supply on Tron to over $8 billion.

In the competitive stablecoin market, Tether maintains a strong position. With a market valuation of $144 billion, it holds 61% of the stablecoin market, far ahead of its closest competitor, USD Coin (USDC), which has a market cap of $60 billion.

Tether is also diversifying its investments beyond cryptocurrency. Recently, it increased its stake in the Latin American agricultural firm Adecoagro to 70% and plans to acquire 30% of Italy’s media company Be Water.

In 2024, Tether issued $45 billion in USDT and reported a record profit of $13.7 billion in Q4. It has also become the seventh-largest buyer of U.S. Treasury securities, investing $33.1 billion.

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