Tether Purchases 8,888 BTC in Q1 2025 event
Overview
Tether, the company behind the USDT stablecoin, said it acquired 8,888 bitcoin during the first three months of 2025, at a cost of approximately $735 million. The transfer to its reserve wallet occurred on April 1, 2025. The transaction increased Tether's publicly known bitcoin position to 92,646 BTC, worth roughly $7.8 billion at that point and placing it among the largest single-address bitcoin portfolios. Tether first bought bitcoin in September 2022 and in May 2023 committed to directing 15% of its quarterly net earnings toward bitcoin purchases. The firm's 2024 attestation showed net profit of about $13 billion, primarily from interest income on U.S. Treasury holdings and unrealized gains on assets such as bitcoin and gold.
Within The Counterparty graph, Tether Purchases 8,888 BTC in Q1 2025 connects to 1 tracked entity, most strongly to Tether.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
launched | Tether | 95% |
Sources
Facts in this record were checked against the following. Where a claim is not covered here, the record states only what the graph holds.
Questions on the record
How much bitcoin did Tether purchase in the first quarter of 2025?
The company acquired 8,888 BTC, valued at approximately $735 million. The transaction was credited to its reserve wallet on April 1, 2025.
What was Tether's total bitcoin position following the acquisition?
Holdings rose to 92,646 BTC, worth around $7.8 billion at prevailing prices. This placed the entity among the largest single-wallet bitcoin holders.