USDT stablecoin issuer, Tether, purchases 8,888 BTC in Q1 2025, as part of their Bitcoin reserve strategy. The purchase brings their total BTC holdings to 100,521 BTC, currently worth over $8.6B. Their holdings place them as the sixth largest single holder of BTC in a single address, only behind several exchange wallets and the US Government controlled address holding the funds seized from the Bitfinex Hack.
Tether has been acquiring BTC with 15% of its net profits since September 2022, with BTC transferred to their Bitcoin reserve wallet at the end of every quarter. With USDT dominance on the rise since the March 2023 USDC depeg, Tether’s profits and hence, BTC purchases have only grown bigger every quarter. In 2024, Tether reported a profit of $13B, more than double the previous year at $6.2B.
Information provided herein is for general educational purposes only and is not intended to constitute investment or other advice on financial products. Such information is not, and should not be read as, an offer or recommendation to buy or sell or a solicitation of an offer or recommendation to buy or sell any particular digital asset or to use any particular investment strategy. Arkham makes no representations as to the accuracy, completeness, timeliness, suitability, or validity of any information on this website and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. Digital assets, including stablecoins and NFTs, are subject to market volatility, involve a high degree of risk, can lose value, and can even become worthless; additionally, digital assets are not covered by insurance against potential losses and are not subject to FDIC or SIPC protections. Historical returns are not indicative of future returns.