Tether Increases Bitcoin Holdings by 8,888 BTC in Q1 2025
- Tether added 8,888 Bitcoins to its holdings in Q1 2025, valued at $735 million.
- The company’s total Bitcoin reserves now stand at 92,647 BTC, worth $7.64 billion.
- This acquisition occurred during a period when Bitcoin’s price fell by over 12%.
- Tether is the sixth-largest Bitcoin wallet globally with an unrealized profit of $3.86 billion.
- In the last year, Tether minted $40 billion in USDT stablecoins.
During the first quarter of 2025, Tether expanded its Bitcoin reserves by acquiring an additional 8,888 BTC amid a significant market downturn. The company now holds a total of 92,647 Bitcoins valued at $7.64 billion and continues to mint USDT stablecoins extensively.
Source (2.6)https://coingape.com/tether-boosts-bitcoin-holdings-by-8888-btc-in-q1-2025/?rand=24432
