In the first quarter of 2025, stablecoin issuer Tether purchased an additional 8,888 Bitcoins, investing approximately $735 million. This purchase increased the company's total reserves to 92,646 BTC.
New Bitcoin Purchase
In line with its strategy of accumulating Bitcoin, Tether recorded this transaction on April 1, reaching a total of 92,646 BTC. This positions the company as one of the largest BTC holders, ranking sixth among the largest wallet holders.
Tether's Investment Strategy
Since September 2022, Tether has been steadily increasing its Bitcoin assets, following a strategy of allocating 15% of net profit to BTC purchases. This strategy, announced in May 2023, supports the company's long-term diversification goals.
Company's Financial Performance
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, with a significant portion attributed to interest income on US Treasury bonds and unrealized gains from assets such as BTC and gold.
At current valuations, Tether's Bitcoin reserves represent an unrealized gain of approximately $3.86 billion, underscoring the success of their investment strategy.
