- Tether has expanded its Bitcoin reserves with an 8,888 BTC purchase worth $735 million, bringing its total holdings to 92,647 BTC.
- Simultaneously, the company minted $1 billion USDT on Tron, reinforcing its dominance in the stablecoin market.
Tether, the leading stablecoin issuer and financial powerhouse, has once again expanded its Bitcoin reserves with a significant purchase of 8,888 BTC, valued at approximately $735 million. This latest acquisition further solidifies the company’s position as one of the largest institutional holders of Bitcoin.
Tether’s Growing Bitcoin Stash
Blockchain analytics firm Arkham Intelligence revealed that Tether withdrew the newly acquired Bitcoin from Bitfinex, its sister crypto exchange, at precisely 20:58 (UTC) on Monday. This purchase brings Tether’s total Bitcoin holdings to an impressive 92,647 BTC, worth around $7.7 billion at current market prices.
This accumulation aligns with Tether’s strategy of diversifying its reserves. As the issuer of USDT, the world’s most dominant stablecoin with a market cap of nearly $144 billion, Tether has consistently reinforced its Bitcoin holdings as part of its treasury diversification plan. The company previously committed to allocating 15% of its net realized operating profits toward Bitcoin acquisitions, a strategy introduced in May 2023.
Also read: How Cardano Plans to Boost Bitcoin’s Adoption in DeFi
Tether Among the Largest Bitcoin Holders
Tether’s aggressive Bitcoin accumulation places it among the top institutional Bitcoin holders. Data from Bitcoin Treasuries confirms that Tether is now the sixth-largest Bitcoin-holding entity worldwide. It remains the second-largest private company in Bitcoin ownership, trailing only investment firm Block.one.
Only a few major institutional players surpass Tether in Bitcoin holdings. These include MicroStrategy (now rebranded as Strategy) and the top three U.S. Bitcoin spot ETF issuers—BlackRock, Fidelity, and Grayscale.
Tether’s last major Bitcoin purchase occurred in December 2024, when it added 8,404 BTC to its reserves, bringing its holdings at the time to 83,759 BTC.
Tether’s USDT Expansion on Tron
Alongside its Bitcoin acquisition, Tether also made significant moves in the stablecoin market. On Monday, the company minted an additional $1 billion USDT on the Tron blockchain, further boosting its presence on the network.
Tether CEO Paolo Ardoino confirmed the minting, clarifying that the transaction was “authorized but not issued.” This means the newly created USDT serves as inventory, ready for future issuance based on demand.
Tron has played a crucial role in Tether’s growth, hosting over $66.7 billion in USDT transactions, making it the second-largest blockchain network for stablecoin issuance after Ethereum, which handles $75.9 billion in USDT transactions.
Notably, Tether has minted a staggering $22 billion in USDT on Tron over the past year, with $8 billion minted since the beginning of 2025 alone.
Tether’s latest Bitcoin purchase reaffirms its bullish stance on the world’s largest cryptocurrency. By continuously expanding its BTC holdings and maintaining its dominance in the stablecoin sector, the company solidifies its influence in the broader crypto ecosystem.
While Bitcoin’s volatility remains a key concern for investors, Tether’s strategy of incorporating BTC into its reserves highlights growing institutional confidence in the cryptocurrency as a long-term store of value.