Tether Loads Up on Bitcoin Again – Now Holds $8.8 Billion Worth

Tether is doubling down on Bitcoin once again.

The world’s largest stablecoin issuer quietly scooped up 961 BTC – worth about $97 million – from Bitfinex this week, according to blockchain analytics firm Arkham Intelligence.

The move aligns with Tether’s ongoing policy to allocate 15% of its net operating profits into Bitcoin, a strategy aimed at diversifying reserves and reinforcing confidence in hard assets. The fresh purchase brings Tether’s total holdings to 87,296 BTC, now valued at roughly $8.84 billion, cementing its place as the sixth-largest Bitcoin holder globally.

Despite recent market turbulence, Tether’s Bitcoin portfolio remains deep in the green – sitting on an unrealized profit of around $4.55 billion with an average purchase price of $49,121 per coin.

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Market analysts suggest the move may reflect both conviction and rebalancing. “After trimming exposure to Bitcoin in September and adding to gold, this looks like a portfolio reset,” said Gleb Kurovskiy, Chief Digital Officer at Luminary Bank.

Others see it as a signal of institutional confidence amid fear-driven selling. “Smart money buys when leverage unwinds and panic takes over,” said Enmanuel Cardozo of Brickken, calling Tether’s timing “a textbook liquidity-stress play.”

SynFutures CEO Rachel Lin added that the purchase reinforces Tether’s strategy to anchor its reserves in hard assets like gold and Bitcoin, positioning the stablecoin giant for long-term resilience as fiat currencies lose purchasing power.

For retail traders, analysts say the takeaway is clear: follow conviction, not emotion. “Those who believe in Bitcoin’s fundamentals should see dips like this as an opportunity, not a threat,” Lin said, pointing to dollar-cost averaging as a disciplined path through volatility.