Tether Stacks More Bitcoin With Fresh 8,888 BTC Acquisition Worth $1 Billion
Leading 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 submit earlier at present.
Tether Continues To Stack Bitcoin
Tether, the issuer of the highest USD-pegged stablecoin USDT, at present bought one other 8,888 BTC, rising its whole 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 submit, saying, “yeah.” With at present’s buy, Tether’s whole holdings now stand at virtually 10,940 BTC.
Tether’s whole BTC holdings have propelled it to second place amongst non-public corporations with probably the most BTC reserves. The checklist is at the moment led by Block One, which at the moment holds 164,000 BTC, price roughly $18.5 billion.
In the general checklist, together with public corporations, Tether is now ranked third, behind Strategy, which leads the checklist by far, holding 640,031 BTC on its stability sheet, in line with data 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 firm 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 May 2023, the agency introduced that it could allocate as much as 15% of its internet earnings 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 is price noting that Tether-backed Bitcoin treasury agency Twenty One additionally holds round 43,514 BTC at the moment.
Tether’s Bitcoin reserve pockets handle, beginning with “bc1qj” can be among the many high ten single handle holders of BTC. The pockets trails a number of centralized change chilly wallets, resembling these of Binance.
The Rush For Accumulating BTC
Tether’s transfer to build up BTC isn’t an remoted incident. An rising variety of companies have been actively buying BTC over the previous few years, seeing the digital asset’s extraordinary worth appreciation in a comparatively brief interval.
For occasion, Strategy not too long ago added to its already high quantity of BTC holdings, buying 196 BTC. Similarly, Cyprus-based ship-owning agency Robin Energy not too long ago made its first BTC acquisition, because it bought the flagship cryptocurrency price $5 million.
The development of corporations shopping for BTC in giant quantities is more likely to dry up the asset’s energetic circulating provide, as confirmed in a current report by Fidelity. This may put additional upside worth stress on BTC. At press time, BTC trades at $113,219, down 0.4% up to now 24 hours.
