Tether, the issuer of the USDT stable coin, has made waves in the cryptocurrency market with its purchase of 8,888 Bitcoin during Q1 2025. This acquisition, valued at $735 million, reflects Tether’s commitment to strengthening its reserves and diversifying its holdings.
Breaking Down the Numbers
Total Holdings: Tether now holds between 92,647 and 100,521 BTC, valued at approximately $7.64–$8.29 billion.
Market Position: This purchase positions Tether as the sixth-largest Bitcoin holder globally and the second-largest private firm holding BTC.
Timing: The acquisition occurred despite Bitcoin’s 12% price drop in Q1—its worst quarterly performance in seven years.
Read More : https://onthenode.com/news/tether-buys-8888-bitcoin-a-strategic-power-play
Breaking Down the Numbers
Total Holdings: Tether now holds between 92,647 and 100,521 BTC, valued at approximately $7.64–$8.29 billion.
Market Position: This purchase positions Tether as the sixth-largest Bitcoin holder globally and the second-largest private firm holding BTC.
Timing: The acquisition occurred despite Bitcoin’s 12% price drop in Q1—its worst quarterly performance in seven years.
Read More : https://onthenode.com/news/tether-buys-8888-bitcoin-a-strategic-power-play
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2 comments
Woah! That's a huge amount of bitcoin to acquire! Some whales!!
WHALE INDEED