Tether Increases Bitcoin Holdings with 8,888 BTC Q1 2025 Acquisition

Tether, the issuer of stablecoins, has added to its reserves of Bitcoin through the acquisition of another 8,888 BTC in Q1 2025, worth about $735 million. This purchase takes Tether's holdings to 92,646 BTC, which is currently worth about $7.8 billion at current prices.

Tether's Bitcoin Strategy & Accumulation Pattern

The purchase was made on April 1, following Tether's quarterly accumulation policy, in which it systematically buys Bitcoin and transfers it to its reserve wallet at the close of every quarter. With this new purchase, Tether currently owns the sixth-largest Bitcoin wallet in the world.

Having begun its Bitcoin acquisitions in September of 2022, Tether officially declared in May of 2023 that it would commit 15% of its net earnings quarterly towards the purchase of BTC. This continued investment reaffirms Tether's focus on diversifying its reserves while increasing its hold within the crypto industry.

At today's valuations, Tether holds around $3.86 billion in unrealized profit from its holdings in Bitcoin.

Bitcoin Market Performance & Macroeconomic Factors

The Bitcoin market saw a 12% drop in Q1 2025, its worst opening quarter since 2018. Analysts attribute the downturn to macroeconomic uncertainty and changing sentiment in the market. Despite the downfall, Bitcoin is now exchanging at around $84,000.

Tether's Growing Investments Outside of Bitcoin

Aside from its Bitcoin hoarding, Tether continues to diversify into new areas like Bitcoin mining, energy generation, and artificial intelligence (AI). The firm is still one of the most profitable players in the crypto space, with $13 billion in net profit for 2024, driven primarily by U.S. Treasury holdings and unrealized gains on Bitcoin and gold investments.

USDT, Tether's stablecoin, still leads the market with a total supply of about 145 billion tokens, based on the most recent figures.

Tether's Push for Financial Transparency

In spite of its popularity, Tether has come under criticism for failing to perform comprehensive financial audits on its reserves and instead using quarterly attestation reports. To that end, the company recently brought on Simon McWilliams as chief financial officer to lead the push toward obtaining a full audit. Tether is in talks with one of the Big Four accounting firms—Deloitte, EY, PwC, or KPMG—to perform the audit, with CEO Paolo Ardoino highlighting it as a highest-priority concern.

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