Tether Full-Bodied Bitcoin Reserves with $1B Purchase Amid Market Turbulence Tether, the creator of the popular USDT stablecoin, has very quietly raised its Bitcoin reserves this week, demonstrating the firm’s unwavering faith in the virtual currency regardless of the market’s ups and downs.
Blockchain records indicate that the firm carried out two major transactions from Bitfinex to its main Bitcoin reserve address that, in total, were worth nearly $1 billion.
According to Arkham Intelligence, that one withdrawal was for almost 1,000 BTC, which was equal to approximately $97 million at that time. Immediately after, more than 8,800 BTC, which was worth just over $1 billion, was sent from Bitfinex, an exchange linked to Tether, and this was the heaviest withdrawal to date. Including these new reserves, Tether has now accumulated a total of 87,296 BTC and hence becomes the sixth-largest holder of Bitcoin worldwide.
Tether Takes Advantage of Market Dip to Fortify Its Bitcoin Investment
Earlier this week, Bitcoin experienced a temporary drop and went below the $100,000 threshold, but it managed to recover a bit. Tether’s recent acquisition amidst the recent run of selling across Bitcoin and Ethereum ETFs is presumably a tactical move to benefit from the correction in prices. Currently, Bitcoin is trading at around $102,000 which is approximately 3% more than its recent low.
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Tether has been implementing a continuous accumulation strategy since 2023, with 15% of its net profits being directed toward Bitcoin. This purchase, which typically occurs quarterly, is a mid-quarter purchase that breaks from regularity and analysts interpret it as a sign of trust rather than a standard reserve adjustment.
The calculation of Bitcoin Treasuries puts Tether’s average purchase price at about $49,121 for each Bitcoin. The asset is now in the trading stage above $102,000, so the unrealized profits of the company are around $4.55 billion. This way, Tether’s Bitcoin holdings are ranked among large institutional players like MicroStrategy and Galaxy Digital.
Among private entities, only Block.one is ahead of Tether, with a reserve of about 140,000 BTC. The picture is larger though, as exchange-traded funds (ETFs) continue to be the main channel for institutional investors, as they currently manage collectively over 7% of Bitcoin’s circulating supply, which is equal to roughly 1.53 million BTC.
Tether Strengthens Financial Edge with Record Profits and Bitcoin Strategy
Tether’s expanding Bitcoin portfolio aligns with its strong financial performance. The company’s latest attestation report showed more than $10 billion in net profit as of the end of September. It also reported total reserves of $181.2 billion against liabilities of $174.4 billion, leaving a surplus of $6.8 billion.
With USDT’s market capitalization reaching $183.3 billion, Tether remains the undisputed leader in the stablecoin market, far ahead of Circle’s $75 billion USDC. Most of USDT’s circulation is concentrated on Ethereum and Tron networks, which account for about 48% and 42% of supply, respectively.
By increasing its Bitcoin holdings, Tether is reinforcing its dual role as a major liquidity provider and long-term digital asset investor. The company views Bitcoin not merely as a speculative asset but as a key component of its inflation-hedging and balance sheet diversification strategy. As traditional markets fluctuate and ETF capital flows shift, Tether’s latest move signals confidence in Bitcoin’s enduring strength.
