Tether Buys an Additional $1 Billion Worth of Bitcoin
Tether transferred 8,888 BTC from a hot wallet on the Bitfinex crypto exchange to the address where it stores its reserves. The company’s first Bitcoin reserve deposits took place on September 30, 2022. Currently, the USDT issuer holds 87,475 BTC on its balance sheet.
In May 2023, Tether announced its decision to allocate up to 15% of realized operating profits to Bitcoin purchases. The company usually accumulates coins for three months and then transfers the assets to its reserve address, according to Arkham.
This marks the fourth time that a new batch has totaled exactly 8,888 BTC. However, Tether has not always adhered to this figure. At the end of June 2025, instead of replenishing reserves, Tether withdrew 15,200 BTC.
In addition to Bitcoin and stablecoins, the company’s balance sheet includes Maker tokens worth $1.32 million, Cronos worth $931,000, TRON worth $787,000, and other cryptocurrencies. Altogether, Tether holds $15.67 billion in digital assets.
According to Bitcoin Treasuries, Tether ranks second among private companies in terms of Bitcoin reserves, behind only Block.One, which operates the Bullish exchange.
Earlier, K33 Research analysts reported that the volume of Bitcoin purchases by public companies in September averaged 1,428 BTC per day — the lowest level in the past four months.
See also: "Total Daily Inflows into BTC and ETH ETFs Exceed $1 Billion"
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