Tether Expands Bitcoin Reserves by 8,888 BTC, Valued at 735 Million USD, in Q1 2025

Tether has added 8,888 BTC to its reserves, equivalent to 735 million dollars, in the first quarter of 2025. This acquisition brings Tether's total Bitcoin holdings to 92,647 BTC, valued at approximately 7.64 billion dollars. Therefore, Tether is now recognized as the sixth largest Bitcoin holder globally. According to data from Spot On Chain, Tether's Bitcoin investments have generated $3.86 billion in unrealized profits. This strategy aligns with the company's commitment in May 2023 to allocate 15% of quarterly profits for Bitcoin acquisition. Despite the challenging market, as Bitcoin has dropped 12% in the first quarter - one of the worst declines in seven years - Tether remains focused on increasing its Bitcoin holdings. Currently, the price of Bitcoin stands at $83,112, reflecting a modest increase of 1.94%. The market in general is characterized by increased volatility, contributing to an uncertain environment for investors. In addition to the Bitcoin strategy, Tether is also actively minting new stablecoins USDT. Over the past day, the company has issued an additional one billion USDT on the TronDAO platform, bringing the total supply of USDT on Tron to over 8 billion dollars. As new competitors enter the stablecoin market, including Ripple's RLUSD and Circle's expansion, Tether still maintains its position as a leading player in this field.