Tether Increases Bitcoin Holdings to 92,646 BTC After $735M Purchase
Tether increased its bitcoin holdings to 92,646 BTC, acquiring 8,888 BTC for $735 million in Q1 2025.
- 15% of quarterly profits will continue to be allocated for bitcoin purchases.
- The current bitcoin value is approximately $7.7 billion at a price just above $83,000.
- Tether's USDT stablecoin holds a market cap of $143 billion.
- The company reported $13 billion in profits for 2024, primarily from U.S. Treasuries backing USDT.