Tether, the issuer of the USDT stablecoin, continues its Bitcoin investment strategy with the purchase of an additional 8,888 BTC at the end of Q1 2025.
Continuation of Bitcoin Investment Strategy
The latest acquisition, costing $735 million, increases Tether’s total Bitcoin holdings to 100,521 BTC, approximately $8.29 billion, according to Arkham Intelligence data. This acquisition is part of Tether's strategy to bolster its reserves by allocating 15% of its profits to Bitcoin purchases, a commitment made in May 2023.
Diversification of Tether's Assets
Among the company's other on-chain assets are $5.16 billion in USDT, $215.85 million in XAUT, and $46.17 million in AUSDF. Tether's expansion extends beyond cryptocurrencies, as on March 27, the company increased its stake in Adecoagro, a Latin American agricultural firm, to 70% and plans to purchase a 30% stake in the Italian media company Be Water.
Tether's Financial Achievements in 2024
According to its Q4 2024 report, the company recorded a record profit of $13.7 billion and established itself as the top stablecoin issuer by releasing USDT totaling $45 billion. Tether maintains $7 billion in excess stablecoin reserves to ensure full backing of issued USDT and became the seventh-largest buyer of U.S. Treasury securities, investing $33.1 billion.
Tether continues its strategy of asset diversification and financial stability enhancement by investing in various industries and increasing its cryptocurrency reserves.
