Main stablecoin issuer Tether seems to have acquired one other 8,888 Bitcoin (BTC), price roughly $1 billion. On-chain analytics platform Onchain Lens confirmed the acquisition in an X publish earlier as we speak.
Tether Continues To Stack Bitcoin
Tether, the issuer of the highest USD-pegged stablecoin USDT, as we speak bought one other 8,888 BTC, growing its complete Bitcoin reserves to new highs. Onchain Lens mentioned that Tether acquired it on the final day of Q3, 2025.
Following the Bitcoin buy, Tether CEO Paolo Ardoino confirmed the acquisition in an X publish, saying, “yeah.” With as we speak’s buy, Tether’s complete holdings now stand at virtually 10,940 BTC.
Tether’s complete BTC holdings have propelled it to second place amongst personal corporations with essentially the most BTC reserves. The record is presently led by Block One, which presently holds 164,000 BTC, price roughly $18.5 billion.
Within the general record, together with public corporations, Tether is now ranked third, behind Technique, which leads the record by far, holding 640,031 BTC on its stability sheet, in line with information from Coingecko.
It needs to be famous that this isn’t the primary time that Tether has acquired such an enormous quantity of BTC. The corporate bought an identical quantity of BTC and transferred it to its pockets on the finish of Q1, 2025.
To recall, Tether began shopping for BTC as a part of its reserves again in September 2022. Subsequently, in Might 2023, the agency introduced that it might allocate as much as 15% of its internet income every quarter to buy extra BTC.
Since saying its BTC shopping for technique, Tether has persistently enhanced its BTC reserves as a part of its long-term diversification technique. It’s price noting that Tether-backed Bitcoin treasury agency Twenty One additionally holds round 43,514 BTC presently.
Tether’s Bitcoin reserve pockets tackle, beginning with “bc1qj” can be among the many prime ten single tackle holders of BTC. The pockets trails a number of centralized alternate chilly wallets, corresponding to these of Binance.
The Rush For Accumulating BTC
Tether’s transfer to build up BTC is just not an remoted incident. An growing variety of corporations have been actively buying BTC over the previous couple of years, seeing the digital asset’s extraordinary value appreciation in a comparatively brief interval.
As an illustration, Technique not too long ago added to its already excessive quantity of BTC holdings, buying 196 BTC. Equally, Cyprus-based ship-owning agency Robin Power not too long ago made its first BTC acquisition, because it purchased the flagship cryptocurrency price $5 million.
The development of corporations shopping for BTC in giant quantities is prone to dry up the asset’s energetic circulating provide, as confirmed in a latest report by Constancy. This might put additional upside value stress on BTC. At press time, BTC trades at $113,219, down 0.4% up to now 24 hours.
Featured picture from Unsplash.com, chart from TradingView.com
Editorial Course of for bitcoinist is centered on delivering completely researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent assessment by our staff of prime know-how consultants and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.