Main 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 the moment.
Tether Continues To Stack Bitcoin
Tether, the issuer of the highest USD-pegged stablecoin USDT, at the moment bought one other 8,888 BTC, rising its complete 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 the moment’s buy, Tether’s complete holdings now stand at virtually 10,940 BTC.
Tether’s complete BTC holdings have propelled it to second place amongst non-public firms 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.
Within the general checklist, together with public firms, Tether is now ranked third, behind Technique, which leads the checklist by far, holding 640,031 BTC on its steadiness sheet, in keeping with information 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 corporate 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 Could 2023, the agency introduced that it could allocate as much as 15% of its web earnings every quarter to buy extra BTC.
Since asserting its BTC shopping for technique, Tether has constantly enhanced its BTC reserves as a part of its long-term diversification technique. It’s 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 also be among the many prime ten single handle holders of BTC. The pockets trails a number of centralized trade chilly wallets, corresponding to these of Binance.
The Rush For Accumulating BTC
Tether’s transfer to build up BTC is just not 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 quick interval.
For example, Technique lately added to its already excessive quantity of BTC holdings, buying 196 BTC. Equally, Cyprus-based ship-owning agency Robin Vitality lately made its first BTC acquisition, because it purchased the flagship cryptocurrency price $5 million.
The development of firms shopping for BTC in massive quantities is more likely to dry up the asset’s lively circulating provide, as confirmed in a latest report by Constancy. This might put additional upside worth stress on BTC. At press time, BTC trades at $113,219, down 0.4% up to now 24 hours.
Featured picture from Unsplash.com, chart from TradingView.com
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