In the first quarter of 2025, Tether significantly increased its Bitcoin reserves by acquiring 8,888 BTC worth approximately $735 million, amid a 12% decline in Bitcoin value.
Tether’s Core Bitcoin Strategy
Earlier this year, Tether announced plans to allocate 15% of its quarterly profits to Bitcoin purchases. This strategy has proven effective, with the company now holding 92,647 BTC, valued at approximately $7.64 billion.
Market Dynamics Shifts
In the past 24 hours, Tether has produced $1 billion worth of USDT on the TronDAO platform, contributing to the total production tally of about $40 billion over the last year. This surge coincides with competitors like Ripple and Circle working to strengthen their market presence.
Impact on the Cryptocurrency Market
The price of Bitcoin has risen by 1.94%, reaching $83,112, with a daily trading volume of $27.3 billion. Observers note that factors such as volatility and trading volume could significantly impact future price movements. Investors are keenly observing Tether’s strategy and its influence on the market.
Tether’s increasing Bitcoin holdings could substantially impact market participants and set new trends in the cryptocurrency world, considering new economic indicators.
