Amanze Chinonye
Tether, the issuer of the USDT stablecoin, has boosted its Bitcoin reserves with a $1 billion purchase, reaffirming its strategy of diversifying holdings beyond U.S. Treasuries.
Today, blockchain data showed that Tether transferred 8,888.889 Bitcoin from Bitfinex-linked wallets into its reserve wallet.
The acquisition, valued at approximately $1 billion at current market prices, increased the company’s Bitcoin holdings to 86,335 BTC worth about $9.7 billion.
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The move aligns with Tether’s policy, announced in May 2023, to allocate 15% of quarterly net profits toward Bitcoin purchases. CEO Paolo Ardoino has previously underscored the strategy as part of the company’s long-term diversification plan.
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Tether remains the dominant stablecoin issuer, with reserves reported at over $149 billion, including significant allocations to U.S. Treasuries a portfolio that exceeded $97 billion in 2024, according to past reserve attestations.
Industry analysts note that the company’s accumulation of Bitcoin places it among the largest corporate holders of the asset. Some market observers estimate that Tether’s wallet is now one of the top ten globally, though such rankings are based on blockchain analytics rather than direct disclosure.
The timing of the latest purchase comes as regulators in the United States continue to debate stablecoin oversight, with proposals like the GENIUS Act under consideration in Congress.
While advocates say Tether’s Bitcoin strategy strengthens the link between digital assets and institutional reserves, critics warn it exposes the company and by extension the wider market to cryptocurrency price volatility.
Tether has also faced persistent rumors of Bitcoin sell-offs in recent months. Ardoino has denied those claims, stressing that the company has not liquidated its Bitcoin and continues to invest across BTC, gold, and real assets.
As Tether’s Bitcoin reserves climb above 86,000 BTC, the move underscores both the stablecoin issuer’s influence in crypto markets and the growing trend of treating Bitcoin as a reserve asset alongside traditional government securities.
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