Tether Purchases 8,888 BTC in Q1 2025 event

Event · PageRank 0.0008

Also known as: Tether BTC buy Q1 2025

Overview

Tether, the issuer of the USDT stablecoin, disclosed the purchase of 8,888 BTC — worth roughly $735 million — during the first quarter of 2025, with the transfer to its reserve wallet recorded on April 1, 2025. The buy lifted Tether's disclosed bitcoin holdings to 92,646 BTC, valued at about $7.8 billion at the time and ranking among the largest single-wallet bitcoin holdings. Tether began buying bitcoin in September 2022 and in May 2023 announced a policy of allocating 15% of its quarterly net profits to bitcoin purchases. Its attestation for 2024 reported about $13 billion in net profit, driven mainly by interest on U.S. Treasury holdings plus unrealised gains on assets including bitcoin and gold.

Within the DeFi Intel graph, Tether Purchases 8,888 BTC in Q1 2025 connects to 1 tracked entity, most strongly to Tether.

Relations

Top connections in the DeFi Intel knowledge graph (confidence-weighted, 1 of 1 total).

Frequently asked questions

How much bitcoin did Tether buy in Q1 2025?

8,888 BTC, worth roughly $735 million, with the transfer to its reserve wallet recorded on April 1, 2025.

What were Tether's total bitcoin holdings after the purchase?

92,646 BTC, worth about $7.8 billion at the time — among the largest bitcoin balances held in a single wallet.

Why does Tether buy bitcoin?

Tether started accumulating bitcoin in September 2022 and announced in May 2023 that it would direct 15% of its net profits each quarter into bitcoin purchases.