What to know:
- Tether purchased 951 BTC worth approximately $70.47 million, continuing its quarterly accumulation strategy.
- Total Bitcoin holdings now stand at about 97,141 BTC, making Tether the fifth-largest on-chain holder.
Tether has bought additional Bitcoin to add to its treasury. The company acquired 951 BTC a few hours ago, a purchase that is worth about $70.47 million. The purchase has beem highlighted as the firm’s ongoing step to increase its expansion. The funds were withdrawn from Bitfinex, continuing a pattern the company has followed since 2023.
This latest move adds to the company’s growing Bitcoin treasury that has been built with the use of about 15% of Tether’s profits every quarter. After each buying cycle, the company would transfers a part of its holdings off to the exchange’s reserve wallets, signaling its plans to hold for the long-term rather than short-term trading.
Source: Arkham Intelligence
With this new purchase, the company’s total Bitcoin holdings have reached about 97,141 BTC, valued at roughly $7.2 billion. This amount makes the company among the largest Bitcoin holders globally, making it the fifth-largest wallet on-chain.
Genearlly, Tether’s accumulation strategy highlights its increasing confidence in Bitcoin as a reserve asset. While many firms remain cautious due to the current market conditions, volatility and regulatory pressure, Tether has continued to double down, strengthening its position in the overall crypto market.
How Tether Is Building Its Bitcoin Reserve
Since 2023, the company has successfully without fail allocated a fixed portion of its profits, which is around 15% to buying Bitcoin. Most of these acquisitions have been executed through Bitfinex before being moved to reserve addresses at the end of each quarter.
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This disciplined strategy has allowed Tether to build one of the largest Bitcoin treasuries without causing major disruptions in the market. It also reflects a broader trend of institutional players treating Bitcoin as a long-term store of value rather than a speculative asset.
At its current pace, the company could soon cross the 100,000 BTC milestone, further solidifying its influence within the Bitcoin ecosystem. However, such concentration of holdings also raises questions about market impact and centralization risks, especially as fewer entities control larger portions of the total supply.
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