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Tether Bought 8,888 Bitcoin in Q1 for $735M; Total Holdings Rise to 92.6K
The giant stablecoin issuer funnels 15% of quarterly profits into BTC as a reserve asset, a strategy in place since May 2023.
Updated Apr 1, 2025, 2:19 p.m. Published Apr 1, 2025, 1:32 p.m. 1 min read
What to know:
- Tether purchased 8,888 bitcoin for $735 million in the first quarter of 2025.
- The company now holds over 92,647 BTC, valued at approximately $7.8 billion.
Stablecoin issuer Tether increased its bitcoin holdings to 92,646 BTC, adding 8,888 BTC for $735 million in the first quarter of 2025.
The company is staying true to its plan to put 15% of its profits each quarter into additional bitcoin purchases. Its current bitcoin stack is worth $7.7 billion at bitcoin's current price just above $83,000.
Tether's USDT stablecoin is the world's largest with a $143 billion market cap. The company raked in $13 billion in profits last year, mostly from interest on its vast holdings of U.S. Treasuries backing USDT.
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