Tether Bought 8,888 BTC and Now Holds $7.8B in Bitcoin
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Bitcoin.com
Tether Bought 8,888 BTC and Now Holds $7.8B in Bitcoin
The world’s largest stablecoin provider Tether, on April 1 revealed bitcoin purchases totaling 8,888 BTC made during the first quarter of 2025, bringing its overall bitcoin holdings to 92,647 BTC or a mammoth $7.8 billion. Onchain data shows that the Q1 purchases were all moved simultaneously into Tether’s primary bitcoin wallet on March 31st. The firm, according to reporting by The Block, typically accumulates BTC throughout the quarter and moves it into its primary wallet at quarter-end.
The 8,888 BTC was purchased for roughly $735 million, meaning each coin was bought at an average price of about $82,696. Tether’s stablecoin USDT currently has a market capitalization of approximately $144 billion and the company holds total reserve assets equivalent to that figure, meaning bitcoin represents about 5.5% of its reserves, which is consistent with the firm’s most recent reserves report.
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