Tether Boosts Bitcoin Reserves with $735 Million Purchase in Q1 2025

Tether has significantly increased its Bitcoin reserves, acquiring 8,888 BTC in the first quarter of 2025.

This purchase, valued at about $735 million, brings the company’s total Bitcoin holdings to approximately 92,646 BTC, worth around $7.8 billion. The latest addition, recorded on April 1, reflects Tether’s ongoing strategy of gradually building up its Bitcoin stash and transferring it to its reserve wallet at the end of each quarter.

Since starting its Bitcoin acquisitions in 2022, Tether has consistently grown its reserves, especially after announcing in 2023 that it would dedicate 15% of quarterly net profits to buying BTC.

This approach is part of Tether’s effort to diversify its assets. Despite Bitcoin’s nearly 12% price drop in Q1 2025—its worst first-quarter performance since 2018—Tether’s Bitcoin holdings now show unrealized gains of about $3.86 billion.

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Tether remains highly profitable, reporting a net profit of $13 billion for 2024. This financial success is driven mainly by interest from U.S. Treasury holdings and gains from assets like Bitcoin and gold. As the world’s largest stablecoin issuer, Tether has also been exploring new ventures, including Bitcoin mining, energy production, and AI.

To address long-standing transparency issues, Tether recently appointed Simon McWilliams as CFO to push for a full audit. Talks are ongoing with one of the Big Four accounting firms—Deloitte, EY, PwC, or KPMG—to conduct this audit, which the company’s CEO has called a top priority. Despite criticism, Tether’s USDT remains the leading stablecoin, with a supply of around 145 billion tokens.

Alexander Stefanov