Tether, the stablecoin issuer, just dropped $735 million on 8,888 Bitcoin in the first quarter of 2025, as if to say, “We’re serious about this crypto thing.” This acquisition bumps their total Bitcoin holdings to a hefty 92,646 BTC.
Staying consistent with their stated plan, Tether is channeling 15% of their quarterly profits straight into Bitcoin. With Bitcoin currently trading just above $83,000, their total digital gold now sits on a throne worth approximately $7.7 billion.